TSF interview with Diogo Abecasis and José Rui Meneses e Castro

The MAP Group featured in Negócios e Empresas on October 7th, in an edition by Ana Maria Ramos.

MAP Engenharia has entered a new phase, referred to as the Adult Age. It has decided to create new business areas, which have now culminated in a corporate group with six new companies dedicated to the construction industry, with a project portfolio valued at 150 million euros and over 120 completed projects, as one of the CEOs, José Rui Meneses e Castro (JRMC), begins by saying.

According to JRMC, “The MAP Group consists of six companies, a group of companies that allows us to segment the construction market.” Alongside MAP Engenharia e Construção, we have a company called MAP Spaces and Villas.  MAP Spaces is focused on the renovation and execution of spaces and interiors. And Villas will work with a private client who is currently seeking Portugal and does not have a specialised company in this area to build their residence. Whether it is their first, second, or third. Additionally, with this diversification of the group, we have created MAP Property Services, which will be a property management company at all levels. We also have MAP Real Estate, a company aimed at leveraging our expertise to become co-investors in real estate. And finally, MAP Capital, which focuses on investing in other companies.

The idea is to reach market niches that were previously inaccessible, says the other CEO of the company, Diogo Abecasis (DA), with the goal of doubling the business and securing new projects to be completed by 2025. “We felt that there was indeed a market niche in the construction sector that we were not able to reach. Currently, at MAP, over the last two years, we have stabilised with a turnover of approximately 40 million euros. In 2024, we are expecting significant accelerated growth again. We will close 2024 with a turnover of approximately 80 million euros. Therefore, we will almost double our business volume. We currently have a portfolio of 150 million euros. This portfolio is contracted to be completed by the end of 2025. We believe that this transformation into a group will also allow for even greater growth in all areas of MAP’s operations.”

Growing at a rate of 15% per year, focused on the domestic market, despite 70% of clients being international, while also appealing to the government to prioritise Portuguese companies in public tenders.

JRMC also mentions, “We are currently working in the domestic market, which represents 100% of our portfolio in terms of operational areas, but 70% of our clients are already international.”

DA concludes by commenting, “Currently, we have many clients from France, the United States, Germany, Brazil, Israel, Lebanon, and China. I would say we have clients from almost all over the world. We also have quite a few Portuguese clients, not just international ones. It’s a very diversified portfolio. But we are very accustomed to working with both international and national clients. Therefore, it is very important for the Portuguese government to be attentive to this situation. Not only should they support national companies, but also, in public works, they should offer more support to national companies that have the full capacity to carry out their projects and deliver them with high quality.”

With this new corporate group, MAP aims to double its growth and close the year with a turnover of 80 million euros.

Listen to the full interview at https://www.youtube.com/watch?v=JC6LVCQtPbU.