Egyptian PropTech Firm Boyot Expands Its Footprint into Kuwait

In a significant development, Boyot, an emerging firm in the Egyptian real estate management technology sector, has officially announced its expansion into Kuwait. This move signifies a strategic leap into the Gulf region, aiming to address pressing challenges in property management and maintenance, notably the collection of maintenance funds.

Boyot’s inception can be traced back to its nurturing environment within the Technology Applications Business Incubator, generously sponsored by the Suez Canal Bank as part of the Nile Pioneers Initiative. From its very beginning, Boyot has remained steadfast in its commitment to offering comprehensive technological solutions that simplify the process of paying expenses related to real estate units. Simultaneously, the platform streamlines the intricate relationships between property management companies, developers, owners, and residents or tenants.

Mahmoud Al-Sabunji, co-founder and CEO of Boyot, shared his exhilaration about this monumental expansion. He expressed his excitement at the company’s official entry into Kuwait, marking its maiden international venture. Al-Sabunji underscored their collaboration with the first Kuwaiti bank, emphasizing the company’s deep interest in the region. Furthermore, he drew attention to his personal connection to Kuwait, having previously worked in the real estate sector there and cultivated valuable relationships, making it a natural choice for their expansion strategy.

This strategic foray into Kuwait serves not only as a stepping stone for Boyot’s broader Gulf ambitions but also as a testament to the company’s unwavering commitment to bridging critical gaps in property management and maintenance. Ultimately, this move is set to enhance the real estate experience for all stakeholders involved.

Having been nurtured through the Technology Applications Incubator under the Nile Pioneers Initiative and supported by the Suez Canal Bank, Boyot is now poised for further growth. Leveraging investments, the company aims to enhance its operations and extend its reach, solidifying its position as a frontrunner in the Proptech industry. Boyot’s expansion into Kuwait is indeed a milestone, with promising prospects on the horizon for this innovative Egyptian firm.