In a significant move, Boyot, an emerging Egyptian real estate management platform, has officially announced its expansion into Kuwait, marking a strategic leap into the Gulf region. The company aims to address the pressing issues in property management and maintenance, particularly the challenge of collecting maintenance funds.
Boyot’s journey began within the nurturing confines of the Technology Applications Business Incubator, sponsored by the Suez Canal Bank, as part of the Nile Pioneers Initiative. Since its inception, Boyot has been committed to offering comprehensive technological solutions that simplify the process of paying expenses associated with real estate units, while also streamlining the relationship between property management companies, developers, owners, and residents or tenants.
Mahmoud Al-Sabunji, co-founder and CEO of Boyot, shared his thoughts on this momentous expansion. He expressed his excitement at the company’s official entry into Kuwait, marking its first international venture. Al-Sabunji highlighted their collaboration with the first Kuwaiti bank, underscoring the company’s keen interest in the region. He also cited his personal connection to Kuwait, having previously worked in the real estate sector there and possessing valuable relationships, making it a natural choice for their expansion strategy.
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This strategic move into Kuwait not only serves as a stepping stone for Boyot’s broader Gulf ambitions but also underscores the company’s commitment to bridging critical gaps in property management and maintenance, ultimately enhancing the real estate experience for all stakeholders involved.
Boyot’s journey, nurtured through the Technology Applications Incubator under the Nile Pioneers Initiative and supported by the Suez Canal Bank, now sets its sights on further growth, leveraging investments to enhance its operations and extend its reach. Stay tuned as Boyot continues to reshape the real estate landscape, one innovative solution at a time.
Boyot Kuwait Boyot Kuwait
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard