Real estate giant 3S acquires kuwaiti proptech taskeen al oula. The acquisition comes as part of expansion plans for its real estate technical services.
11 September 2021, 12:00 AM
30 September 2021, 12:00 AM
The real estate and proptech ecosystem is still a budding industry in MENA, but a handful of startups are leveraging technologies to disrupt traditional Real Estate models.
Kuwaiti proptech, Taskeen Al Oula, has been acquired by 3s International Real Estate, a giant in the field that specialises in everything from real estate and hospitality, to insurance, logistics and manufacturing.
With its tech-driven, fully-integrated app, Taskeen will use its fresh fund to develop new technical services and create a digital community for tenants.
On the part of 3S, the acquisition comes as part of expansion plans for its real estate technical services, harnessing the power of Taskeen’s tech.
Taskeen works to assist property owners in monetising and optimizing every SQM, fully-utilising spaces and fine-tuning the tracking of daily operations in real estate. The market for purchasing Tech startups, large and family companies, has in recent times gained great traction due to the innovative time- and effort-saving services provided by these startups.