Dubai Investments, a diversified investment company listed on the Dubai Financial Market (DFM), has entered into a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to deliver large-scale real estate projects in Luanda Province, Angola.
The partnership, formalised in Luanda, represents a joint vision to drive a new era of investment in modern urbanisation and sustainable development across the Angolan capital. The initial phase will focus on transforming Cazanga Island within the Luanda Archipelago into a key destination.
The agreement was signed by Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, and Armando Manuel, Chairman of FSDEA. The signing ceremony was also attended by Angola’s Secretary of State for Urban Planning, Manuel Canguezeze, representing the Minister of Public Works and Urbanism.
Commenting on the development, 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.”
Under the agreement, FSDEA will invest through a special purpose vehicle (SPV) that will manage the land rights for the selected areas. Dubai Investments will contribute its expertise in developing the designated plots into modern, sustainable communities, unlocking opportunities for residential, commercial, and tourism-led growth.
The first phase of the project will prioritise the development of Cazanga Island within the Luanda Archipelago, focusing on creating urban hubs, residential spaces, and tourism-driven infrastructure to stimulate Angola’s economic potential.
FSDEA’s Chairman, Armando Manuel, stated: “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.”
Manuel Canguezeze, Angola’s Secretary of State for Urban Planning, emphasised: “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 collaboration underlines Dubai Investments’ expanding international presence and aligns with the UAE’s wider strategy to strengthen cross-border partnerships, accelerate sustainable development, and drive investment-led urban innovation.