Dubai Investments sign Real Estate strategic deal with Angola
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Dubai Investments, a prominent diversified investment company listed on the Dubai Financial Market, has entered into a strategic partnership with Angola’s Sovereign Wealth Fund (FSDEA) to co-develop significant real estate projects in Luanda Province. The agreement was formalised in Angola’s capital by Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, and Armando Manuel, Chairman of FSDEA, in the presence of Angola’s Secretary of State for Urban Planning, Manuel Canguezeze.
This collaboration aims to spearhead a new era of urbanisation and sustainable development in Luanda, focusing initially on the development of Cazanga Island in the Luanda Archipelago. FSDEA will participate through a special purpose vehicle that holds the land rights, while Dubai Investments will contribute its extensive development expertise and financial resources to transform the designated land into modern, sustainable communities.
This marks Dubai Investments’ second major venture in Angola, following the development of DIP Angola, a mixed-use hub inspired by their flagship project in the UAE. Khalid Bin Kalban described the partnership as a pivotal moment as the group expands its international footprint, reinforcing its dedication to supporting Angola’s urban growth.
FSDEA’s Chairman Armando Manuel highlighted that the agreement reflects their commitment to attracting global capital and expertise vital for developing impactful real estate and tourism projects. He noted the potential for real estate combined with tourism to reshape Luanda’s urban landscape, enhancing its coastline, natural environment, and cultural heritage.
Angola’s Secretary of State for Urban Planning, Manuel Canguezeze, emphasised the importance of this agreement in adding architectural quality and investment to the city, ultimately contributing to improved property standards in the capital.
This partnership signals a valuable opportunity for investors and developers aiming to capitalise on Angola’s emerging urban and tourism sectors. The focus on sustainable, mixed-use developments such as residential, tourism, and city infrastructure projects offers diversified avenues for investment. With a strong governmental backing and involvement of FSDEA, the initiative promises to unlock the substantial value in Luanda’s real estate market. Furthermore, Dubai Investments’ proven track record and international experience bring confidence for long-term returns and quality urbanisation projects. Prospective investors should watch closely for evolving projects on Cazanga Island and other areas slated for development, as Angola’s capital undergoes significant transformation toward becoming a modern, sustainable metropolis.
