[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|desktop” admin_label=”Intro” _builder_version=”4.18.0″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_stops=”#ffffff 60%|#041e42 60%” custom_padding=”0px||0px|10%|false|false” custom_padding_tablet=”0px||0px|10%|false|false” custom_padding_phone=”0px||0px|0%|true|false” collapsed=”on” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ _builder_version=”4.18.0″ _dynamic_attributes=”background_image” _module_preset=”default” background_enable_color=”off” use_background_color_gradient=”on” background_color_gradient_direction=”90deg” background_color_gradient_stops=”rgba(0,0,0,0.3) 0%|rgba(0,0,0,0.5) 100%” background_color_gradient_overlays_image=”on” background_image=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@” parallax=”on” width=”100%” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.18.0″ _module_preset=”default” background_enable_image=”off” border_color_all=”#FFFFFF” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.18.0″ _module_preset=”default” background_enable_color=”off” custom_padding=”|6%||6%|false|true” global_colors_info=”{}”][et_pb_cta title=”Modernity, consistency and trust” button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjgyIn19@” _builder_version=”4.18.0″ _dynamic_attributes=”button_url” _module_preset=”default” header_level=”h1″ header_font=”|700|||||||” header_text_color=”#FFFFFF” header_font_size=”3.5vw” header_line_height=”1.2em” use_background_color=”off” text_orientation=”left” background_layout=”light” max_width=”450px” custom_margin=”|10%|||false|false” custom_padding=”11vw||11vw||true|false” custom_padding_tablet=”4vw||4vw||true|false” custom_padding_phone=”4vw||4vw||true|false” custom_padding_last_edited=”on|tablet” header_font_size_tablet=”60px” header_font_size_phone=”36px” header_font_size_last_edited=”on|tablet” locked=”off” global_colors_info=”{}” button_text_color__hover_enabled=”on|hover” button_text_color__hover=”#8B734A” button_bg_color__hover_enabled=”on|hover”][\/et_pb_cta][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”quem somos” _builder_version=”4.18.0″ _module_preset=”default” background_color=”#041E42″ custom_margin=”-1px||0px||false|false” collapsed=”on” global_colors_info=”{}”][et_pb_row column_structure=”3_5,2_5″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”3_5″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.1″ _module_preset=”default” header_2_font_size=”36px” background_layout=”dark” global_colors_info=”{}”]<\/p>\n
<\/p>\n
Founded in 1981 in the Autonomous Region of Madeira, AFA Group is today a business conglomerate with a consolidated international position and with interests in diverse business sectors. Construction and Engineering, however, continues to be one of the Group\u2019s main businesses, contributing the major part of its global revenues through AFAVIAS.<\/p>\n
<\/p>\n
In addition to Madeira, where it is the market leader in the Civil Construction and Public Works sector, AFA Group is also present in mainland Portugal and the Azores. Internationally, Africa remains the area where the Group\u2019s main interests are concentrated. It was on this continent that, in Mauritania and Senegal, AFA Group began its international expansion in 2007 and the continent continues to be its main market, more particularly the Republic of Angola.<\/p>\n
<\/p>\n
AFA Group, a benchmark of modernity, consistency and trust, has established a set of principles guiding the three areas of professional ethics: economic, social and environmental; as well as rules that provide guidance on its entire activity.<\/p>\n
[\/et_pb_text][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_menu menu_id=”15″ module_class=”pa-vertical-menu” _builder_version=”4.18.0″ _module_preset=”default” menu_font=”|600|||||||” menu_font_size=”16px” background_color=”RGBA(255,255,255,0)” background_layout=”dark” max_width=”300px” max_width_tablet=”100%” max_width_phone=”100%” max_width_last_edited=”on|desktop” module_alignment=”right” custom_margin=”4vw||||false|false” module_alignment_tablet=”” module_alignment_phone=”” module_alignment_last_edited=”on|tablet” global_colors_info=”{}”][\/et_pb_menu][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”imagem” _builder_version=”4.18.0″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_stops=”#041e42 30%|#ffffff 30%” custom_padding=”0px|10%|0px||true|false” custom_padding_tablet=”0px|10%|0px||true|false” custom_padding_phone=”0px|10%|0px||true|false” collapsed=”on” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”100%” custom_padding=”0px||0px||true|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider show_divider=”off” _builder_version=”4.18.0″ _module_preset=”default” background_image=”https:\/\/afa.pt\/wp-content\/uploads\/2022\/08\/HS407005.jpg” parallax=”on” height=”700px” height_tablet=”400px” height_phone=”200px” height_last_edited=”on|phone” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Missao, visao, valores” _builder_version=”4.19.1″ _module_preset=”default” background_enable_color=”off” custom_margin=”-1px||0px||false|false” collapsed=”on” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.1″ _module_preset=”default” max_width=”800px” global_colors_info=”{}”]<\/p>\n
<\/p>\n
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.<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.18.0″ _module_preset=”default” border_width_all=”3px” border_color_all=”#041E42″ global_colors_info=”{}”][et_pb_blurb title=”Cohesion” use_icon=”on” font_icon=”||fa||900″ image_icon_width=”36px” icon_alignment=”left” _builder_version=”4.19.1″ _module_preset=”default” header_level=”h3″ body_text_color=”#041E42″ custom_padding=”40px|40px|40px|40px|true|true” global_colors_info=”{}”]<\/p>\n
Stimulation of communication, participation, solidarity and team spirit<\/p>\n
\u200b<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.18.0″ _module_preset=”default” border_width_all=”3px” border_color_all=”#041E42″ global_colors_info=”{}”][et_pb_blurb title=”Truth” use_icon=”on” font_icon=”||fa||900″ image_icon_width=”36px” icon_alignment=”left” _builder_version=”4.19.1″ _module_preset=”default” header_level=”h3″ body_text_color=”#041E42″ custom_padding=”40px|40px|40px|40px|true|true” global_colors_info=”{}”]<\/p>\n
Performance based on ethics, rigor and good faith<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.18.0″ _module_preset=”default” border_width_all=”3px” border_color_all=”#041E42″ global_colors_info=”{}”][et_pb_blurb title=”Respect” use_icon=”on” font_icon=”||fa||900″ image_icon_width=”36px” icon_alignment=”left” _builder_version=”4.19.1″ _module_preset=”default” header_level=”h3″ body_text_color=”#041E42″ custom_padding=”40px|40px|40px|40px|true|true” global_colors_info=”{}”]<\/p>\n
For people, institutions and for the environment<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.18.0″ _module_preset=”default” border_width_all=”3px” border_color_all=”#041E42″ global_colors_info=”{}”][et_pb_blurb title=”Confidence” use_icon=”on” font_icon=”||divi||400″ image_icon_width=”36px” icon_alignment=”left” _builder_version=”4.19.1″ _module_preset=”default” header_level=”h3″ body_text_color=”#041E42″ custom_padding=”40px|40px|40px|40px|true|true” global_colors_info=”{}”]<\/p>\n
The given word is a guarantee of the fulfilment of our obligations<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.18.0″ _module_preset=”default” border_width_all=”3px” border_color_all=”#041E42″ global_colors_info=”{}”][et_pb_blurb title=”Excellence” use_icon=”on” font_icon=”||fa||900″ image_icon_width=”36px” icon_alignment=”left” _builder_version=”4.19.1″ _module_preset=”default” header_level=”h3″ body_text_color=”#041E42″ custom_padding=”40px|40px|40px|40px|true|true” global_colors_info=”{}”]<\/p>\n
Planning, organization and knowledge in search of perfection<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.18.0″ _module_preset=”default” border_width_all=”3px” border_color_all=”#041E42″ global_colors_info=”{}”][et_pb_blurb title=”Innovation” use_icon=”on” font_icon=”||fa||900″ image_icon_width=”36px” icon_alignment=”left” _builder_version=”4.19.1″ _module_preset=”default” header_level=”h3″ body_text_color=”#041E42″ custom_padding=”40px|40px|40px|40px|true|true” global_colors_info=”{}”]<\/p>\n
Encouragement of creativity and ingenuity and ingenuity<\/p>\n
\u200b<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”imagem” _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”0px||0px|10%|true|false” collapsed=”on” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”100%” custom_padding=”0px||0px||true|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider show_divider=”off” _builder_version=”4.18.0″ _module_preset=”default” background_image=”https:\/\/afa.pt\/wp-content\/uploads\/2022\/08\/afavias_award.jpg” parallax=”on” height=”700px” height_tablet=”400px” height_phone=”200px” height_last_edited=”on|phone” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.18.0″ _module_preset=”default” width=”70%” width_tablet=”80%” width_phone=”90%” width_last_edited=”on|phone” custom_padding=”0px||0px||true|false” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” header_2_font_size=”56px” header_2_line_height=”1.2em” max_width=”300px” max_width_tablet=”300px” max_width_phone=”300px” max_width_last_edited=”on|phone” custom_margin_last_edited=”off|phone” custom_padding=”10vh||10vh||true|false” custom_padding_tablet=”0vh||0vh||true|false” custom_padding_phone=”0vh||0vh|20px|true|false” custom_padding_last_edited=”on|tablet” sticky_position=”top” sticky_limit_bottom=”row” sticky_transition=”off” header_font_size_phone=”24px” header_font_size_last_edited=”off|phone” header_2_font_size_tablet=”56px” header_2_font_size_phone=”36px” header_2_font_size_last_edited=”on|phone” sticky_position_tablet=”none” sticky_position_phone=”none” sticky_position_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][dipl_timeline select_timeline_layout=”dipl_date_tree” select_timeline_layout_option=”dipl_timeline_right” timeline_bar_size=”10px” timeline_bar_color=”#FFFFFF” timeline_bar_fill_color=”#8B734A” timeline_bar_shape_border_size=”10px” timeline_bar_shape_color=”#8B734A” timeline_bar_shape_fill_color=”#041E42″ timeline_bar_shape_border_color=”#8B734A” timeline_bar_shape_border_fill_color=”#041E42″ global_timeline_background_color=”#FFFFFF” timeline_custom_padding_tablet=”” timeline_custom_padding_phone=”20px|0px|20px|0px|true|false” timeline_custom_padding_last_edited=”on|phone” global_timeline_background_color_tablet=”#FFFFFF” global_timeline_background_color_phone=”#FFFFFF” global_timeline_background_color_last_edited=”on|phone” global_timeline_background_color_gradient_stops_tablet=”#2b87da 0%%|#29c4a9 100%%” global_timeline_background_color_gradient_stops_phone=”#2b87da 0%%|#29c4a9 100%%” _builder_version=”4.27.5″ _module_preset=”default” global_timeline_header_font_size=”28px” global_timeline_text_text_color=”#041E42″ global_timeline_text_line_height=”1.7em” global_timeline_date_font=”|700|||||||” global_timeline_date_text_color=”#FFFFFF” global_timeline_date_font_size=”28px” max_width=”700px” max_width_tablet=”100%” max_width_phone=”100%” max_width_last_edited=”on|desktop” custom_padding=”||||false|false” hover_enabled=”0″ global_timeline_header_font_size_tablet=”28px” global_timeline_header_font_size_phone=”24px” global_timeline_header_font_size_last_edited=”on|phone” global_colors_info=”{}” global_timeline_background_enable_color_phone=”on” sticky_enabled=”0″][dipl_timeline_item timeline_title=”Foundation” display_time=”on” timeline_custom_time=”1981″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n
The company Jos\u00e9 Avelino Aguiar Farinha e Francisco da Paix\u00e3o de Agrela was established in the municipality of Calheta. Now known as AFAVIAS \u2013 Engenharia e Constru\u00e7\u00f5es, S.A., it laid the foundations for what is today AFA Group. Construction remains the Group\u2019s main business pillar.<\/p>\n
[\/dipl_timeline_item][dipl_timeline_item timeline_title=”Growth and expansion ” display_time=”on” timeline_custom_time=”1985″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n
The company obtained its first public works contractor\u2019s licence on 12 December. AFAVIAS was the first company in Portugal to have a project approved under the Regional Incentives Scheme \u2014 Sistema de Incentivos de Base Regional (SIBR) \u2014 enabling it to invest in equipment and infrastructure and strengthen its competitive position.<\/p>\n
[\/dipl_timeline_item][dipl_timeline_item timeline_title=”First projects” display_time=”on” timeline_custom_time=”1986″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n
AFAVIAS completed its first urban development project in Pico da Cruz<\/strong>, Funchal, for a private developer. A few years later, it built the first prestressed reinforced concrete bridge in Laranjal<\/strong>, S\u00e3o Vicente.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”Onda Azul” display_time=”on” timeline_custom_time=”1989″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n The Onda Azul restaurant opened in Calheta, marking the Group\u2019s first investment outside the construction sector.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”Major road project” display_time=”on” timeline_custom_time=”1996″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n AFAVIAS took part in a major infrastructure project as a member of the consortium awarded the contract to build the Quinta Grande\u2013Ribeira Brava expressway.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”Entry into tourism” display_time=”on” timeline_custom_time=”1999″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n The Calheta Beach hotel was built, helping to boost tourism and the wider economy of the municipality of Calheta, on the west coast of Madeira.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”AFAVIAS A\u00e7ores” display_time=”on” timeline_custom_time=”2000″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n The company commercially known as AFAVIAS A\u00e7ores began operating in 2000. In 2009, following its full acquisition by AFA Group, it adopted its current corporate name: AFAVIAS \u2013 Engenharia e Constru\u00e7\u00f5es \u2013 A\u00e7ores, S.A.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”Internationalisation” display_time=”on” timeline_custom_time=”2007″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n AFA Group began its international expansion into three new countries \u2014 Mauritania, Senegal and Angola \u2014 securing road projects extending over 100 kilometres in each market. Angola remains the Group\u2019s most significant construction market outside the Autonomous Region of Madeira.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”Business recognition” display_time=”on” timeline_custom_time=”2012″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n AFAVIAS was named Best Company in the construction sector in Exame magazine\u2019s 500 Biggest & Best Companies ranking.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”Expansion in hospitality” display_time=”on” timeline_custom_time=”2015″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n AFA Group opened a new hotel, Saccharum<\/strong>. That same year, the Group acquired SIET SAVOY, S.A. and, with it, three further hotel properties in Funchal: Savoy Palace<\/strong>, which was still at the project stage, Royal Savoy<\/strong> and Gardens<\/strong>.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”Media” display_time=”on” timeline_custom_time=”2017″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n Alongside its investment in R\u00e1dio Calheta<\/strong> and R\u00e1dio Santana<\/strong>, AFA Group acquired a 50.5% stake in EJM<\/strong>, the company that owns R\u00e1dio JM and Jornal da Madeira.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”New pillars: hospitality and real estate” display_time=”on” timeline_custom_time=”2019″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n The new identity of the Savoy Signature<\/strong> hotel collection was unveiled, followed by the opening of Savoy Palace<\/strong> on 1 July, the only hotel in Madeira to be a member of The Leading Hotels of the World. The Savoy Residence brand was also launched with Savoy Residence | Casa Branca<\/strong> in Funchal, introducing a premium real estate concept in prime locations.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”Verbum Media” display_time=”on” timeline_custom_time=”2020″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n Following the restructuring of AFA Group, Verbum Media \u2013 Comunica\u00e7\u00e3o, Lda. consolidated all of the Group\u2019s holdings in media companies and acquired a 36.8866% stake in EDN, the company that owns Di\u00e1rio de Not\u00edcias da Madeira.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”New challenges ” display_time=”on” timeline_custom_time=”2021″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n In June, work began on the first phase of the Central and University Hospital of Madeira<\/strong>. AFAVIAS excavated and transported more than 1.2 million cubic metres of material using only its own resources. The Savoy Signature collection also continued to grow with the opening of NEXT<\/strong> in Funchal on 1 July.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”Recognition and real estate expansion” display_time=”on” timeline_custom_time=”2022″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n AFAVIAS<\/strong> was named the 2021 Best Company in the construction and real estate sector by Exame magazine. Savoy Residence | Insular<\/strong> was also completed, regenerating a landmark city block in central Funchal.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”New landmarks in real estate and hospitality” display_time=”on” timeline_custom_time=”2024″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n Savoy Residence | Monumentalis<\/strong> was completed, creating a new residential and commercial hub in Funchal. The Reserve<\/strong> was also officially opened, introducing Savoy Signature\u2019s personalised luxury hospitality concept.<\/p>\n [\/dipl_timeline_item][dipl_timeline_item timeline_title=”Expansion of the real estate portfolio” display_time=”on” timeline_custom_time=”2026″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n Construction began on three new developments: Lodge | Torrinha<\/strong> and Savoy<\/strong> Residence | Gardens<\/strong> in Funchal, and Savoy Residence | D\u2019\u00c1vila<\/strong>, the first Savoy Residence project in mainland Portugal.<\/p>\n [\/dipl_timeline_item][\/dipl_timeline][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" About us Founded in 1981 in the Autonomous Region of Madeira, AFA Group is today a business conglomerate with a consolidated international position and with interests in diverse business sectors. Construction and Engineering, however, continues to be one of the Group\u2019s main businesses, contributing the major part of its global revenues through AFAVIAS. 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