Dubai Investments (DI), a leading diversified investment company, on Tuesday said that it has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province in Angola.
The agreement, signed in Luanda, reflects a shared vision to promote a new cycle of investments in modern urbanisation and sustainable development across the Angolan capital, with an initial focus on the development of Cazanga Island within the Luanda Archipelago.
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.
Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, signed the agreement with Armando Manuel, Chairman of the Board of FSDEA. Angola’s Secretary of State for Urban Planning, Manuel Canguezeze, representing the Minister of Public Works and Urbanism, and others were present.
Khalid Bin Kalban said that this was 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.
He said that the agreement 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 will contribute to the development of modern, sustainable communities in Luanda and reinforce its commitment to supporting Angola’s urban development journey.
SPV Formed
As part of the agreement, the Angolan SWF will participate in the investment through a special purpose vehicle (SPV) that will hold the land rights for the designated areas. This structure enables Dubai Investments to contribute its development expertise towards transforming land already identified for real estate into modern, sustainable communities — unlocking value for Angola’s urban and tourism potential.
The first phase of the collaboration will focus on the development of Cazanga Island within the Luanda Archipelago, creating new opportunities for urban, residential, and tourism-led projects in Angola.
Armando Manuel said that the 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,” Armando added.
Manuel Canguezeze said that this agreement was 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, he said.
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