Sakan, the leading property technology company in Kuwait, has achieved a significant milestone by acquiring hapondo, Qatar’s premier real estate marketing platform. This strategic move marks a new chapter for both companies and represents a transformative step forward in the real estate and PropTech sectors within the Gulf Cooperation Council (GCC).
Currently, Sakan operates across Kuwait, Saudi Arabia, Oman, and Bahrain. With the addition of hapondo, Sakan is poised to enter the Qatari market, combining hapondo’s in-depth local expertise with Sakan’s advanced technology and extensive regional network. This merger aims to redefine the real estate landscape throughout the GCC.
The acquisition brings several key benefits:
- Expanded Property Listings: Users will gain access to a broader array of properties, including residential, commercial, and industrial options across the GCC. This will reflect the diverse and dynamic nature of the regional real estate market.
- Enhanced Data Insights: The integration will harness comprehensive data to improve market transparency. This will enable the creation of detailed reports, providing valuable insights for real estate companies, property seekers, owners, developers, and the public.
- Increased Reach: Through Sakan’s regional network, hapondo will be able to connect with a larger audience. This expanded reach will offer new opportunities for real estate companies, property owners, and seekers.
- Innovation and Growth: The partnership will drive advancements in the PropTech sector, enhancing customer support and significantly improving the overall user experience.
Abdullah Al Saleh, CEO of Sakan, expressed enthusiasm about the acquisition, stating, “We are excited to welcome hapondo into the Sakan family. Together, we will develop a more comprehensive, user-friendly platform that adds greater value for our customers across the GCC. This collaboration will help us better serve our clients and accelerate our growth in the region.”
Ahmad Al-Khanji, CEO of hapondo, echoed similar sentiments, noting, “Partnering with Sakan aligns with our vision to revolutionize the real estate market in Qatar and beyond. We are committed to expanding our efforts towards a more transparent real estate industry and are eager to see what the future holds.”
This acquisition underscores the potential for GCC collaboration to drive innovation, foster economic growth, and create value for all stakeholders in the region. By advancing and implementing solutions locally, Sakan and hapondo are set to lead the transformation of the GCC real estate market, establishing new benchmarks for excellence and collaboration.
For more information, visit Sakan at Sakan and hapondo at hapondo.
