Dubai Investments and Angola’s Sovereign Wealth Fund Partner on Luanda Real Estate Development

Dubai Investments has signed a partnership with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province, beginning with Cazanga Island in the Luanda Archipelago. The agreement was formalized in Luanda by Dubai Investments Chairman and CEO Khalid Bin Kalban and FSDEA Chairman Armando Manuel, with Angola’s Secretary of State for Urban Planning, Manuel Canguezeze, in attendance.

The collaboration is designed to support urban expansion and sustainable development in Angola’s capital, starting with mixed-use projects combining housing, tourism, and city infrastructure. FSDEA will participate through its affiliated company holding the land rights, while Dubai Investments will contribute financing and development expertise. “This agreement underscores our commitment to attract international investment and knowledge into Angola’s real estate and tourism sectors,” FSDEA Chairman Manuel said at the signing.

The Luanda project marks Dubai Investments’ second entry into the Angolan market, following DIP Angola, a mixed-use hub modeled after its flagship development in the UAE. The company has stated that real estate remains a central pillar of its growth strategy, alongside financial services. Ongoing UAE projects include Asayel Avenue at Mirdif Hills, the Danah Bay villas in Ras Al Khaimah, and Violet Tower in Jumeirah Village Circle, scheduled for completion in 2026.

The UAE and Angola have been strengthening trade and investment ties. In the first half of 2025, total trade between the two countries reached $1.4 billion, up nearly 30 percent year-on-year, according to official figures. Angola’s main exports to the UAE include diamonds, gold, copper, and grains, while the UAE exports petroleum products, steel, cigarettes, and perfumes. Other UAE firms are expanding in Angola as well: Masdar is developing a 150 MW solar power plant to supply electricity to 90,000 homes, and AD Ports Group has begun operating a multipurpose terminal at Luanda Port.

Earlier this year, the UAE and Angola signed a Comprehensive Economic Partnership Agreement (CEPA), expected to boost annual trade to more than $10 billion by 2033, add $1 billion to both economies, and create around 30,000 jobs. The Luanda development deal is seen as part of this wider effort to deepen bilateral economic cooperation and attract long-term investment into Angola’s growing urban and infrastructure sectors.