Dubai Investments has begun work on a major new economic zone project in Angola.
The Dubai Investment Park Angola, known as DIP Angola, will cover 2,000 hectares of land 50km from Luanda, the Angolan capital.
Costing an estimated $2 billion, DIP Angola aims to become Angola’s first fully integrated economic zone. It will include industrial, commercial, residential and recreational areas within a single development.
“DIP Angola is more than just a development project; it is a strategic initiative aimed at supporting and helping Angola’s economic landscape. By providing advanced infrastructure and a fully integrated environment, Dubai Investments is not only setting new benchmarks for sustainable development in Africa but also creating a strategic hub for various sectors. The Group’s focus on modern amenities, environmental sustainability, and versatile infrastructure ensures that DIP Angola will be a catalyst for long-term economic growth and innovation,” Khalid Bin Kalban, vice chairman and CEO of Dubai Investments said.
Dubai Investments’ Angola economic zone
The new zone is planned to accommodate industries including manufacturing, logistics, technology, retail and tourism. Facilities will be tailored to specific industry needs.
DIP Angola will be developed in phases aligned with Angola’s economic goals. Infrastructure such as roads and utilities will be constructed incrementally based on demand.
Being 23km from Angola’s seaport gives DIP Angola closer access than other economic zones. It is also near to a port under construction that will boost exports.
The developers aim to attract high-quality investors through tax incentives, preferential leasing and advanced infrastructure at the site.
Strict adherence to local and international regulations will be followed throughout the project’s development and operation, according to Dubai Investments.
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