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DFM inks strategic partnership for sustainable real estate development in Luanda’s Cazanga Island
Dubai Investments and Angola's FSDEA join forces to transform Luanda's urban landscape with sustainable real estate projects.
[Source photo: Krishna Prasad/Fast Company Middle East]
In a strategic move that brings together the expertise of two economic powerhouses, Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market (DFM), has signed a partnership agreement with Angola’s Sovereign Wealth Fund (FSDEA) to develop sustainable real estate projects in Luanda Province, Angola.
The agreement was signed by Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, and Armando Manuel, Chairman of the Board of FSDEA, in the presence of Angola’s Secretary of State for Urban Planning, Manuel Canguezeze, representing the Minister of Public Works and Urbanism.
Khalid Bin Kalban highlighted the importance of the partnership, stating, “This is an important milestone for Dubai Investments as the Group expands its footprint internationally. Our first venture in Angola was the development of DIP Angola, an integrated mixed-use hub inspired by the Group’s highly successful flagship development in the UAE. The agreement with FSDEA marks our second venture in the country and provides a strong platform to further extend Dubai Investments’ real estate expertise. We are proud to contribute to the development of modern, sustainable communities in Luanda and reinforce our commitment to supporting Angola’s urban development journey.”
As part of the agreement, FSDEA will participate in the investment through a special purpose vehicle that will hold the land rights for the designated areas, enabling Dubai Investments to transform land already identified for real estate into modern, sustainable communities. 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, Chairman of FSDEA, emphasized the partnership’s potential, noting, “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. 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.”
The partnership signifies Dubai Investments’ expanding global presence and aligns with the UAE’s broader vision of fostering cross-border partnerships that drive sustainable growth, investment diversification, and urban innovation.
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