Dubai Investments, a leading diversified company listed on the Dubai Financial Market (DFM), has signed a strategic partnership with Angola's Sovereign Wealth Fund (FSDEA) to jointly spearhead large-scale real estate projects in Luanda Province, Angola.

The agreement, finalised in Luanda, signals a shared ambition to foster modern urbanisation and sustainable growth within the Angolan capital. The first phase of the venture will concentrate on developing Cazanga Island, part of the Luanda Archipelago.

The signing ceremony saw Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, formalise the deal with Armando Manuel, Chairman of FSDEA. Angola's Secretary of State for Urban Planning, Manuel Canguezeze, attended the event on behalf of the Minister of Public Works and Urbanism.

Speaking on the occasion, Khalid Bin Kalban commented: "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."

Through this partnership, FSDEA will channel its investment via a special purpose vehicle (SPV) responsible for holding land rights over the designated areas. Dubai Investments will leverage its three decades of development experience to transform these plots into sustainable, integrated communities that support Angola's urban and tourism ambitions.

In its first stage, the collaboration will focus on the development of Cazanga Island, creating new residential, commercial, and leisure-led opportunities while positioning Luanda as a growing regional hub for sustainable tourism and urban living.

FSDEA Chairman, Armando Manuel, highlighted: "The signing of this agreement strengthens the Sovereign Wealth Fund's commitment to mobilising 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, reiterated: "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."

The partnership underscores Dubai Investments' growing international footprint while reinforcing the UAE's commitment to fostering cross-border collaborations that prioritise sustainability, innovation, and long-term economic growth.

source:newsreleases.co.uk