UAE-based investment firm Dubai Investments has kicked off construction of a mixed-use economic zone covering 2k hectares in Angola’s Dande province, according to a statement. The investment ticket and timeline of the project have not been disclosed.

The details: The project — called Dubai Investments Park Angola (DIP Angola) — will include industrial, commercial, residential, and recreational spaces, in efforts to become a strategic hub for various sectors such as manufacturing, logistics, technology, retail, and tourism. The economic park is set to become Angola’s first fully integrated economic zone, strategically located some 23 km from a major seaport.

Angola has been gaining a lot of attention from UAE players: Abu Dhabi-based port operator AD Ports has secured a 20-year concession with Angola’s Luanda Port Authority to operate and upgrade the Luanda multipurpose port terminal back in April. AD Ports’ concession at the terminal is extendable for a further 10-year period. AD Ports has also set up joint ventures with two Angola-based logistics and transport players to operate the terminal and serve the facility.

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