Modernity, consistency and trust
The AFA Group has established a set of principles and values in matters of professional ethics in its triple dimension, economic, social and environmental, as guiding standards for all its activities. In this way, it intends to be a reference for the public, with regard to standards of conduct, both in relationships among employees and with third parties, with a view to recognition in terms of excellence, integrity, responsibility and rigour.
Stimulation of communication, participation, solidarity and team spirit
Performance based on ethics, rigor and good faith
For people, institutions and for the environment
The given word is a guarantee of the fulfilment of our obligations
Planning, organization and knowledge in search of perfection
Encouragement of creativity and ingenuity and ingenuity
Key information about the AFA Group
Creation of the company José Avelino Aguiar Farinha e Francisco da Paixão de Agrela, in the municipality of Calheta, now called AFAVIAS – Engenharia e Construções, S.A., the forefather of today’s AFA Group. At present, construction remains the main pillar of the Group.
Growth and expansion
Obtention of the first public works contractor’s permit on 12 December. AFAVIAS was the first company nationally with a project approved under the Sistema de Incentivos de Base Regional (Regionally-based Incentives Scheme, SIBR), enabling it to invest in equipment and infrastructure and strengthen its competitive capacity.
First urban development project undertaken in Pico da Cruz, Funchal, for a private developer. Several years later, AFAVIAS built the first prestressed reinforced concrete bridge at Laranjal, in São Vicente.
Major road works
Participation in a major project, as part of the consortium winning the contract for the construction of the Quinta Grande – Ribeira Brava motorway.
First foray into tourism
Construction of the Calheta Beach Hotel, an undertaking that came to boost the tourism sector and the whole economy in the municipality of Calheta, in the west of the island of Madeira. This foray into tourism actually began in 1989 with the opening of the Onda Azul restaurant.
The company commercially known as AFAVIAS Açores was founded in 2000. The company name changed to AFAVIAS – Engenharia e Construções – Açores – S.A. in 2009, following the acquisition of the whole company by the AFA Group.
Start of the internationalisation and expansion of activity to 3 new countries – Mauritania, Senegal and Angola – having won road works contracts in each of these countries representing over 100 km. Angola remains the market where the Group has the biggest presence in construction outside the Autonomous Region of Madeira.
AFAVIAS recognised as Best Company in the construction sector by Exame Magazine’s 500 Biggest & Best initiative.
Expansion into hotels
The Group opens a new hotel, the Saccharum. This same year, the AFA Group acquires SIET SAVOY, S.A., and with it three further hotels: Savoy Palace (in planning phase), Royal Savoy and Gardens, all in Funchal.
Alongside its investment in Rádio Calheta and Rádio Santana, the AFA Group acquired 50.5% of EJM (company that owns Rádio JM and Jornal da Madeira).
New pillars: hotels and real estate
Presentation of the new image of the Savoy Signature hotel collection and the opening of the Savoy Palace, the only member hotel of “The Leading Hotels of the World” network, in Madeira, on 1 July. Launch of the Savoy Residence brand, representing a superior real estate concept at prime locations in Funchal.
Following the Group’s restructuring, Verbum Media – Comunicação, Lda. began to concentrate all the Group’s interests in media companies and acquired 36.8866% of the capital of EDN (Diário de Notícias da Madeira).
June saw the start of the first phase of construction of the Central and University Hospital of Madeira. More than 1,200,000 m3 were excavated and transported by AFAVIAS using its own means. The Savoy Signature collection continues to grow and the NEXT hotel opens on 1 July in Funchal.
Best Company by Exame Magazine
AFAVIAS was named 2021 Best Company in the Construction and Real Estate sector by Exame Magazine.