Afcons Infrastructure recently informed exchanges that the company has approved a Rs 2.02 crore investment in its new Saudi Arabian subsidiary, Afcons Contracting Company.
The subsidiary will focus on engineering, procurement, and construction (EPC) services, strengthening the company’s international presence. This strategic move aligns with Afcons’ vision to expand operations in the Middle East. The project is expected to be completed by March 2025, offering significant opportunities in the region’s infrastructure and construction sectors.
Key Details of the New Subsidiary
- Name: Afcons Contracting Company (Saudi Arabia)
- Industry: Engineering, Procurement, and Construction (EPC), focusing on civil infrastructure like roads, railways, and utility projects.
- Investment: SAR 900,000 (approx. ₹2.02 crore)
- Objective: Afcons Contracting is engaged in the business of contracting roads, railway lines, utility projects, other civil engineering, projects, internal water transport of goods and activities related to road transportation services.
TOPICS:
Afcons Infrastructure