"Dubai Investment Park – Angola" Announces acquisition "Emirati reportage" On lands with an area of 10 million square feet
Angola, November 10 / WAM / Dubai Investment Park – Angola, the first integrated economic zone in Angola to be developed by Dubai Investments, the investment company listed on the Dubai Financial Market, announced the acquisition by Emirates Reportage Development and Investment Group of two plots of land within Dubai Investment Park Angola.
According to a press release issued today, the total area of the two properties is approximately 10,764,000 square feet, with the aim of developing two residential complexes, which reflects its commitment to providing integrated urban communities with international standards.
The total investment by Reportage Group in the project is estimated at about 1.8 billion dirhams, or about 500 million dollars.
The agreement was signed by Omar Al Mesmar, Chairman of the Board of Directors of Dubai Investments International – Angola, and Andrea Nocera, CEO and General Manager of Reportage Group, in the presence of Khalid Bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments, in addition to a number of senior executives from both institutions.
The project is scheduled to include two residential complexes with an equivalent area of 5,382,000 square feet for each project, one of the complexes overlooking the waterfront, and includes a hotel with 60 rooms, along with 2,050 villas, and commercial spaces to meet the residents’ daily needs on an area of 4,000 square meters.
The second complex is located on a hill, and includes 2,500 attached homes, in addition to 4,000 square meters of commercial space designated for residents.
The engineering teams have begun implementing the preliminary phase of the project, with actual construction work to begin in June 2026. The project will be implemented in phases, with the delivery of units starting in the fourth quarter of 2029, and being fully completed by the last quarter of 2030.
Emirates Investment and Development Company Limited, the institutional partner of Reportage Group, will undertake the implementation and delivery of the entire project, and will supervise all stages of development, from planning and engineering to implementation and delivery, while ensuring the highest levels of quality and full compliance with the global standards adopted by the group.
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