Luanda, Luanda Province, Angola/Image: Pexels
Dubai Investments, a diversified investment company listed on the Dubai Financial Market (DFM), has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province.
The partnership marks a shared vision to drive a new cycle of investment in modern urbanisation and sustainable development across the Angolan capital. The first phase will focus on the development of Cazanga Island within the Luanda Archipelago, creating new opportunities for urban, residential, and tourism-led projects.
Khalid Bin Kalban, vice chairman and CEO of Dubai Investments, signed the agreement with Armando Manuel, chairman of the board of FSDEA, in the presence of Angola’s Secretary of State for Urban Planning, Manuel Canguezeze, who represented the Minister of Public Works and Urbanism.
Commenting on the deal, Khalid Bin Kalban 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.”
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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, said: “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.”
As part of the agreement, FSDEA will participate through a special purpose vehicle holding land rights for designated areas. Dubai Investments will contribute its development expertise to transform these sites into modern, sustainable communities, unlocking value for Angola’s urban growth and tourism potential.
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.
