Kuwait-based real estate technology company Sakan has announced the acquisition of Qatari proptech firm Hapondo, marking a significant expansion into the Qatari market. Founded in 2016 by Abdullah Al-Saleh, Sakan operates as a real estate marketplace across Kuwait, Saudi Arabia, Oman, and Bahrain. Meanwhile, Hapondo, established in 2019 by Ahmad AlKhanji, is a specialized real estate marketing platform in Qatar, known for its comprehensive map and photo search features for residential units.
This strategic acquisition aims to leverage Hapondo’s extensive network and strong relationships with clients and real estate developers to enhance Sakan’s services in Qatar. The merger will also focus on integrating the technologies of both companies, fostering innovation and improving user experiences in the real estate sector.
Abdullah Al-Saleh, CEO of Sakan, expressed enthusiasm for the acquisition, stating, “We are thrilled to welcome Hapondo to the Sakan family. This partnership will enable us to offer a broader, more user-friendly platform and expand our growth across the GCC countries.”
Hapondo’s CEO, Ahmad AlKhanji, also shared his optimism, noting that the merger aligns with their vision to drive transformative change in the real estate market in Qatar and beyond, while continuing to promote transparency in the sector.
