Dubai Investments, a diversified investment company listed on the Dubai Financial Market, has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province.
The agreement, signed in Luanda, underscores a shared vision to promote modern urbanization and sustainable development in the Angolan capital. The partnership’s first phase will focus on transforming Cazanga Island within the Luanda Archipelago, creating opportunities for residential, urban, and tourism-led projects.
Official Statements
Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, said:
“This is an important milestone for Dubai Investments as the Group expands its footprint internationally. Dubai Investments first entered the Angolan market with the development of DIP Angola, an integrated mixed-use hub inspired by the Group’s highly successful flagship development in the UAE. This agreement with FSDEA marks the Group’s second venture in the country and provides a strong platform to further extend Dubai Investments’ real estate expertise. With a 30-year legacy of delivering ambitious projects, the Group is proud to contribute to the development of modern, sustainable communities in Luanda and reinforce its commitment to supporting Angola’s urban development journey.”
Armando Manuel, Chairman of FSDEA, added:
“The signing of this agreement strengthens the Sovereign Wealth Fund’s commitment to mobilizing international capital and know-how for the development of high-impact real estate and tourism projects in the country. We believe that the real estate sector, combined with tourism, has tremendous potential to transform the urban profile of our capital, enhancing its natural resources, coastline, and rich cultural heritage.”
Angola’s Secretary of State for Urban Planning, Manuel Canguezeze, representing the Minister of Public Works and Urbanism, emphasized:
“This agreement is very important as it will add value to the area and bring architectural and scenic quality to the capital city. It will also bring real estate investment that will improve the quality of properties that the city of Luanda needs.”
Strategic Structure
As part of the collaboration, FSDEA will participate through a special purpose vehicle (SPV) that will hold land rights for designated areas, while Dubai Investments will contribute its development expertise. The structure aims to unlock value by converting land into modern, sustainable communities, enhancing Luanda’s urban profile and tourism potential.
Building on Past Investments
This marks Dubai Investments’ second major venture in Angola. The Group previously entered the market with DIP Angola, an integrated mixed-use hub modelled on its flagship Dubai Investments Park. The new agreement reflects a continuation of its strategy to export UAE-grown urban development expertise to international markets.
Regional Significance
The partnership highlights Dubai Investments’ growing global presence and reflects the UAE’s broader vision of strengthening cross-border partnerships that drive sustainable growth, investment diversification, and urban innovation.
