Dubai - Mubasher: Dubai Investments 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 aims to boost modern urbanization and sustainable development in Angola’s capital, according to a press release.

The first phase will focus on transforming Cazanga Island within the Luanda Archipelago into an urban, residential, and tourism-led destination.

FSDEA will participate through a special purpose vehicle holding land rights, while Dubai Investments will contribute its expertise in real estate development to unlock the city’s urban and tourism potential.

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,” the CEO noted.

He indicated: “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.“

Armando Manuel, Chairman of FSDEA, commented: "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.”

Angola’s Secretary of State for Urban Planning, Manuel Canguezeze, 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."

The collaboration highlights Dubai Investments’ growing global presence and supports the UAE’s vision of strengthening cross-border partnerships that drive sustainable growth and urban innovation.

During the January-June 2025 period, Dubai Investments logged a higher profit before tax valued at AED 546.28 million, versus AED 431.68 million during the same period last year.