Dubai Investments, Angola Sovereign Fund Sign Deal to Develop Real Estate in Luanda
Dubai Investments has signed a deal with Angola’s Sovereign Wealth Fund (FSDEA) to jointly build major real estate projects in Luanda Province.
Agreement details
The deal was signed in Luanda by Dubai Investments’ Chairman and CEO Khalid Bin Kalban and FSDEA Chairman Armando Manuel, in the presence of Angola’s Secretary of State for Urban Planning, Manuel Canguezeze.
The partnership will focus on urban growth and sustainable development in Luanda, starting with Cazanga Island in the Luanda Archipelago. The first phase will include housing, tourism, and city projects.
FSDEA will take part through a company that holds land rights for the projects, while Dubai Investments will bring in its development expertise to create modern, sustainable communities.
FSDEA’s Chairman Manuel said the deal shows the fund’s commitment to bringing in global investment and knowledge for real estate and tourism development.
This is Dubai Investments’ second project in Angola, following its earlier mixed-use hub DIP Angola, modeled on its UAE flagship project.
Real estate expansion plans
Dubai Investments recently said it will continue focusing on real estate and financial services.
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Work is underway on Asayel Avenue at Mirdif Hills, launched in June 2025.
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Danah Bay villas on Al Marjan Island in Ras Al Khaimah are being handed over in phases.
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Violet Tower in Jumeirah Village Circle is 26% complete and expected by Q2 2026.
UAE-Angola trade ties
Trade between the two countries is growing.
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In the first half of 2025, UAE’s non-oil exports to Angola were worth $135.6 million, while total trade reached $1.4 billion, up nearly 30% from 2024.
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Angola mainly exports diamonds, gold, copper, and grains to the UAE.
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The UAE mainly exports petroleum products, iron and steel, cigarettes, and perfumes to Angola.
Other UAE companies are also expanding in Angola. Masdar is building a 150 MW solar plant to power 90,000 homes, and AD Ports has started running a multipurpose terminal at Luanda Port.
What’s next
The UAE and Angola signed a Comprehensive Economic Partnership Agreement (CEPA) earlier this year. It is expected to:
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Increase annual trade to over $10 billion by 2033.
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Add $1 billion to both economies.
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Create around 30,000 jobs.
Published: 3rd September 2025
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