Kuwait’s leading property technology company Sakan has acquired Hapondo, Qatar’s premier real estate marketing platform.
This move not only marks a major milestone for both companies but also symbolises a new era of collaboration and innovation within the Gulf Co-operation Council (GCC) real estate and proptech industries
Sakan currently operates in Kuwait, Saudi Arabia, Oman, and Bahrain. With the acquisition of Hapondo, Sakan will now expand its operation to Qatar’s market.
By combining Hapondo’s deep understanding of the Qatari market with Sakan’s technology and expansive regional network, this partnership is set to redefine the real estate landscape across the GCC.
“Joining forces with Sakan aligns perfectly with our vision to revolutionise the real estate market in Qatar and beyond. The aim of creating a more transparent real estate industry will now expand, and we are excited for what the future holds,” said Hapondo’s chief executive officer Ahmad al-Khanji.
This acquisition is a testament to the potential of GCC co-operation to drive innovation, foster economic growth, and create value for all stakeholders in the region. By developing and implementing solutions locally, Sakan and Hapondo are poised to lead the transformation of the GCC real estate market, setting new standards for excellence and collaboration.
“Together, we will create a more expansive, user-friendly platform that delivers greater value to our customers across the GCC. This partnership will enable us to better serve our customers and scale our growth across the region,” according to Abdullah al-Saleh, chief executive officer of Sakan.