Dubai Investments, an UAE investor group listed on the Dubai Financial Market (DFM), is leading the creation of DIP Angola through its wholly owned subsidiary, Dubai Investments International Angola, being to invite Portuguese investors to capitalize this “transformative and high potential” project.
Conceived as a fully integrated multi-sector development, with an area of 2,000 hectares in the province of Bengo – about 50 km from Luanda -, the project encompasses industrial, commercial, residential and recreational spaces. According to its promoters, the proximity of the project to Luanda and its access to essential infrastructures such as ports and road networks make it an attractive investment destination.
DIP Angola draws on the experience of Dubai Investments, drawing inspiration from the success of Dubai Investments Park (DIP) in the UAE. “Being the first fully integrated economic zone in Angola, DIP Angola is distinguished from the existing economic zones in Angola, which are mainly limited to commercial use and are still in the initial stages of infrastructure development. DIP Angola also aims to host a wide range of industries, including manufacturing, logistics, technology, retail and tourism”, the initiative’s leaders say.
At this moment, the first phase of the DIP Angola project is already progressing, including the construction of the main infrastructures. The main road infrastructure is expected to be completed by January 2025, with all regulatory approvals already in place.
Omar Al Mesmar, Managing Director of Dubai Investments Park, believes that “DIP Angola is a world-class integrated economic zone that will offer investors long-term growth and returns. With its strategic location, robust infrastructure and a diversified approach by sectors, DIP Angola is poised to become a gateway for international investment in Africa. We invite Portuguese investors to take part in this transformative journey and capitalize on the immense opportunities that DIP Angola offers.”
Source: Forbes Portugal
