Mota-Engil Secures €108 Million Contract for Lisbon Residential Project
The construction group Mota-Engil has announced the signing of new contracts in Portugal, Mexico, and Rwanda totaling €560 million, a development that significantly strengthens its order book to record levels. In a statement sent to the Portuguese Securities Market Commission (CMVM), the company detailed the new agreements, highlighting a substantial residential project in Lisbon. The contract in Portugal is valued at €108 million and is allocated for the execution of a residential development in the capital, with an estimated project duration of 29 months.
This new domestic project is a key part of the company's recent successes. The largest of the new contracts was secured in Mexico, where Mota-Engil will undertake a railway construction project valued at approximately €290 million. This project involves the design and construction of a 30.3 km section of the Querétaro–Irapuato rail line, which is designed to serve up to 11,000 passengers daily and is a strategic component of Mexico's National Railway Plan. In Africa, the group's subsidiary, Mota-Engil AFRICA, secured additional contracts worth €162 million for Work Stream II of the Bugesera International Airport in Rwanda, a project the company has been involved with since 2016.
The company emphasized that the awarding of these contracts reflects its successful strategy of consolidating its leadership position in its key markets. A representative for Mota-Engil stated, "The adjudication of these contracts in Portugal, Mexico, and Africa confirms our commitment to the sustainable development of infrastructure and reinforces our position in these strategic regions." The influx of new projects has pushed the group's order portfolio to its highest level since 2024, indicating a period of strong growth and activity.
The Lisbon residential project, while not yet detailed in terms of its specific location or unit count, represents a significant investment in the Portuguese domestic market. An industry analyst noted, "Mota-Engil's commitment of over €100 million to a new residential project in Lisbon is a clear vote of confidence in the city's real estate sector. It points to continued demand for new housing stock, likely in the mid-to-high end of the market." The project's 29-month timeline suggests that construction is expected to commence in the near future, with completion anticipated in early 2028. The financing for the project is secured, and all necessary planning permissions are reportedly in the final stages of approval. Monitor new development opportunities at realestate-lisbon.com.
