Dubai Investments Partners with Angola for Real Estate Growth

Dubai Investments PJSC, a prominent diversified investment company listed on the Dubai Financial Market, has announced a strategic partnership with Angola's Sovereign Wealth Fund (FSDEA) to embark on large-scale real estate projects in Luanda Province, Angola. This collaboration is set to transform the urban landscape of the Angolan capital, with an initial focus on developing Cazanga Island within the Luanda Archipelago.

The agreement, signed in Luanda, was attended by key figures including Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, and Armando Manuel, Chairman of the Board of FSDEA. Also present was Angola’s Secretary of State for Urban Planning, Manuel Canguezeze, representing the Minister of Public Works and Urbanism.

Khalid Bin Kalban emphasized the significance of this milestone, stating, '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.'

The partnership will see the Angolan Sovereign Fund participating through a special purpose vehicle that will hold the land rights for designated areas, allowing Dubai Investments to leverage its development expertise. This move is expected to unlock significant value for Angola's urban and tourism potential, transforming identified lands into modern, sustainable communities.

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.'

Given the strategic nature of this partnership and the potential for growth in Angola's real estate sector, investors might consider a buy position on Dubai Investments. The company's expanding international presence and its commitment to sustainable development present a promising opportunity for long-term growth.