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SAK Holding Group has been ranked first in Qatar and second in the region and Middle East on the “Power Hour” list published by Construction Business News -Middle East.
The list includes the 60 most powerful urban and real estate development companies in the Middle East.
Sheikh Thani bin Abdullah al-Thani, chairman of the board of directors, expressed happiness at the recognition and said: “We managed to create a balance between our goals and the market requirements. Today, we have achieved a new milestone on the ‘Power Hour’ list of the 60 most powerful urban development and construction companies in the Middle East, for the second year in a row.
“In addition, our group maintained its leading rank among Qatari companies operating in the real estate and urban development sector, based on an honest and impartial review that studied objectively and professionally our history and our achievements for more than 50 years.”
According to the magazine, SAK Holding Group has a “great aptitude for initiatives and innovations in the field of construction and real estate investment”, in reference to winning the real estate innovation and excellence award last year for launching a real estate initiative called “Sharekna” under the directives of Sheikh Thani to support the local market and promote business growth in line with Qatar National Development Strategy and Qatar National Vision 2030, the group has said in a press statement.
The magazine presented an overview of some of the most diverse urban and real estate projects carried out by SAK Holding Group that gave it the lead on the “Power Hour” List, the common factor among them being strength and a positive impact on development, according to the statement.
Construction Business News-Middle East senior editor Jason O’Connell said SAK Holding Group’s stability stood out, with its balanced and thoughtful market activities adopting international standards.
He also pointed to the group’s “expertise and competitiveness potential and the ability of its human and material resources to overcome obstacles”. Further, O’Connell believes that the “Sharekna” initiative serves all types of real estate investors and developers alike, supports efforts for the development of the real estate market in Qatar, creates opportunities and gives owners excellent returns.
SAK Holding Group CEO Hesham al-Sahtari promised to continue with the process of achievements led by Sheikh Thani, while deputy CEO Abdul Rahman al-Najjar considered the recognition as a major achievement in the group’s
ambitious quest.
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