Dubai Investments ventures into Africa with mixed-used project
Staff Report,
Dubai, UAE
Dubai Investments has entered into the African markets with the launch of its first flagship development, the Dubai Investments Park (DIP) Angola. It is a mixed-use residential, commercial and industrial hub in Angola, Africa, spanning 2,000 hectares.
DIP Angola‘s project site comprises three kilometers of coastline and a two-kilometer stretch of beach, presenting a canvas for versatile master planning. The project will be developed to boost tourism and industrial growth, all while ensuring preservation of nature and sustainable development as per the guidelines of the Angola Ministry of Environment (MINAMB).
Dubai Investments will develop the infrastructure and lease land to developers and investors in creating a cohesive mixed-use development as the Group progresses with the establishment of DIP Angola. Modeled after the multi-faceted DIP model in the UAE, DIP Angola will feature a myriad of amenities such as communal parks and leisure facilities. The blueprint encompasses an 18-hole golf course and various housing choices, all strategically positioned near vibrant retail and industrial hubs.
The project is strategically located in Dande Municipality, Bengo Province, just 50 kilometers from the national capital Luanda and 33 kilometers west of the provincial capital, Caxito. A robust regional transportation network ensures excellent connectivity for both local and international visitors.
Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments PJSC, said, “Dubai Investments Park Angola stands as a momentous milestone, representing the Group’s premier endeavor at such a grand scale, signifying the beginning of a journey towards global expansion. This strategic step reaffirms the Group’s unwavering belief in Africa’s promising economic terrain, aiming to catalyze sustainable growth and progress across the continent. It underscores Dubai Investments’ steadfast dedication to utilizing its expertise in crafting prosperous mixed-use developments. DIP Angola presents a prime prospect for investors seeking diversification and business expansion within a burgeoning economy that holds immense potential for large-scale industries, providing direct pathways to extensive markets across the broader African landscape.”
Developed by Dubai Investments International Angola, Dubai Investments Park Angola demonstrates the Group’s commitment to sustainability by integrating innovative environment practices into the development. The project is in alignment with the Ministry of Environment’s regulations for environmental protection and conservation and adheres to the United Nations’ Sustainability Goals (SDGs). It achieves this through integrated renewable energy, smart water management, innovative landscaping, and other future-proofed sustainable initiatives.
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