As part of its plan to enter the Qatari real estate industry, Kuwaiti real estate technology company Sakan has announced that it has acquired the Qatari company Hapondo.
Hapondo is a specialized real estate marketing platform that links real estate companies with consumers in order to sell real estate products and services while giving property hunters an amazing experience.
Hapondo is renowned for its capacity to examine real estate data, generate in-depth analyses, and provide precise assessments based on solid information.
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At the moment, Sakan has operations in a number of Gulf nations, including Bahrain, Kuwait, Saudi Arabia, and Oman. The business will be able to grow by entering the Qatari market thanks to this acquisition.
In this regard, Mr. Abdullah Al-Saleh, CEO of Sakan, stated, “We are delighted to welcome Hapondo to the Sakan family. Together, we will offer a broader and more user-friendly platform, enhancing the value of our services for our clients across the GCC countries. This partnership will help us provide better services and expand our growth in the region.”
The acquisition is intended to accomplish a number of strategic goals, one of which is to increase Sakan’s presence in Qatar by utilizing Hapondo’s wide network and solid client and real estate developer contacts.
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By combining the technology of the two businesses, the merger also aims to raise the bar for innovation, which will help provide cutting-edge real estate solutions and better user experiences.
On the other hand, Ahmad AlKhanji, CEO of Hapondo, expressed his optimism about the deal, saying, “This merger aligns perfectly with our vision to bring about a transformative change in the real estate market in Qatar and beyond. We will continue to enhance transparency in the real estate sector, and we look forward to the promising opportunities this collaboration will bring.”
About Sakan
Sakan property technology platform, a leading full stack real estate marketplace, offers real estate stakeholders a unique and integrated property experience.
About Hapondo
Hapondo, Qatar’s real-estate marketplace, links tenants and purchasers with companies.
