The acquisition of Hapondo by Sakan, a Kuwaiti real estate technology company, is part of the company’s plan to enter the Qatari real estate market.
By bringing together real estate companies and consumers, Hapondo is a specialised platform for marketing real estate with the goal of offering property seekers an outstanding experience. Hapondo has a reputation for accurately analyzing real estate data to generate thorough reports and accurate evaluations that are supported by solid evidence.
Currently, Kuwait, Saudi Arabia, Oman, Bahrain, and Oman are among the Gulf nations where Sakan conducts business. The company will be able to grow its operations to include the Qatari market thanks to this acquisition.
Through the use of Hapondo’s wide network and solid client and real estate developer relationships, this acquisition seeks to accomplish a number of strategic goals, one of which is to expand Sakan’s services in Qatar. Incorporating the technologies of the two businesses will help provide cutting-edge real estate solutions and better user experiences, and the merger also aims to raise the level of innovation.
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.”
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.”
