Dubai Investments announces first flagship mixed-use development in Africa

Dubai Investments has marked a significant entry into African markets with the announcement of its first flagship mixed-use development in Africa – Dubai Investments Park (DIP) Angola.

DIP Angola, the innovative 2,000-hectare unique integrated mixed-use residential, commercial and industrial hub in Angola, Africa, is planned and designed in line with highlighting Dubai Investment’s expertise in creating immensely successful mixed-use developments.

The project site comprises 3 kilometers of stunning coastline and a 2 kilometer stretch of sandy beach, presenting a canvas for versatile master planning. The topography of the area allows for a perfect integration of industrial, commercial and residential areas, while preserving the natural beauty. The development aims to become a tourist and industrial center, with sustainable development aligned with the Angolan Ministry of Environment (MINAMB).

Investments in Dubai will develop the infrastructure and lease land to developers and investors to create a cohesive mixed-use development as the Group moves forward with the establishment of DIP Angola.

The project is strategically located in the municipality of Dande, province of Bengo, just 50 kilometers from the national capital, Luanda, and 33 kilometers west of the provincial capital, Caxito. A strong regional transportation network ensures excellent connectivity for local and international visitors.

Khalid bin Kalban, Vice Chairman and CEO of Dubai Investments, saying,

“Dubai Investments Park Angola represents a momentous milestone, represents the Group’s main effort on such a large scale and signifies the beginning of a journey towards global expansion. “This strategic step reaffirms the Group’s unwavering belief in Africa’s promising economic terrain, with the aim of catalysing sustainable growth and progress across the continent.”

The project is aligned with the Ministry of Environment’s regulations for the protection and conservation of the environment and adheres to the UN Sustainability Goals (SDG). It achieves this through integrated renewable energy, smart water management, innovative landscaping and other future-proof sustainable initiatives.

News source: Emirates News Agency