Dubai Investments has announced it will enter the African market with the building of a flagship mixed-use development in Angola, which will be named the Dubai Investments Park (DIP) Angola.
DIP Angola will be a 2,000-hectare unique integrated mixed-use residential, commercial and industrial hub.
The development will be located in Angola’s Dande Municipality, Bengo Province, just 50 kilometres from the national capital Luanda and 33 kilometres west of the provincial capital, Caxito.
The project is expected to span 3 kilometres of coastline and have a 2-kilometre beach.
Dubai Investments has stressed that it chose the location due to the area’s specific topography allowing for seamless integration of industrial, commercial, and residential zones while preserving the existing natural environment.
DIP Angola will follow the sustainable development regulations set by the Angola Ministry of Environment (MINAMB), as well as the UN’s Sustainability Goals (SDGs), Dubai Investments has remarked.
To achieve this, it will integrate renewable energy, smart water management, innovative landscaping, and other future-proofed sustainable initiatives.
“Dubai Investments Park Angola stands as a momentous milestone, representing the Group’s premier endeavour at such a grand scale, signifying the beginning of a journey towards global expansion,” said Khalid bin Kalban, Vice Chairman and CEO of Dubai Investments.
Dubai Investments has confirmed the company will develop the infrastructure and lease land to developers and investors.
