What Monaqasat does

Monaqasat is a Qatar-based electronic tendering platform founded in late 2014 and operated under ASCO Trading Co. (أسكو للتجارة). It operates a two-sided B2B and B2C marketplace connecting property owners seeking construction, renovation, interior design, and fit-out services with a registered network of contractors, material suppliers, and engineering consultants. Services for property owners are provided at no charge, while contractors, suppliers, and consultants pay commissions of 2.5-3% upon being awarded tenders. The platform reports having facilitated 1,615 projects with cumulative project value of QAR 2,010,209,000 and maintains a network of 2,984 registered contractors and 3,856 design concepts.

The platform's core technology consists of a web application at monaqasat.net accompanied by iOS and Android mobile apps (launched July 2021), enabling end-to-end project tendering from requirements gathering through design, budgeting, government approvals, contract drafting, and execution oversight. Notable technical components include a live transparent bidding simulation with zero human intervention, 360-degree design visualization capabilities, a four-phase contractor evaluation system across five dimensions, and multi-party contract management with structured payment schedules. Intellectual property for the platform is registered in 176 countries, and Monaqasat claims first-mover status as the first e-tendering service in the Middle East.

Monaqasat follows a transaction-fee revenue model, settling commissions immediately upon tender award through the property owner's first payment. The go-to-market motion is primarily organic, relying on word-of-mouth referrals, mobile app store presence, customer testimonials, and YouTube content. The only disclosed external capital is an $800,000 funding round in February 2016; the company is privately held and has not pursued a public listing. Karim Helal is the founder. As of the latest available data, Monaqasat operates exclusively within Qatar despite holding IP protection across 176 countries, and has not yet executed international expansion.

Name

Monaqasat

Legal name

أسكو للتجارة (ASCO Trading Co.)

Website

https://monaqasat.net

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Monaqasat is a Qatar-based e-tendering platform connecting property owners with contractors, suppliers, and engineering consultants for construction projects, earning 2.5-3% commissions on awarded tenders while providing services free of charge to property owners.

Ownership category

akta.pro rank

Product category

Construction E-Tendering Marketplace

NAICS

Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Auction Services (FSAEAJAL)

Keywords

• Electronic tendering platform
• Construction tendering services
• E-procurement marketplace
• Contractor bidding platform
• Construction project marketplace

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Commission from Contractors: Platform charges 2.5% commission on interior design tenders and 3% on ready-made/exterior design tenders from contractors upon project award. Commission is settled immediately upon tender award through the first payment from the property owner. Contractors must have company representative present at contract signing and first payment collection.
2. Commission from Suppliers: 2.5% commission charged to material and product suppliers upon winning tender awards through the platform.
3. Commission from Consultants: 2.5% commission charged to engineering and consulting firms upon winning projects through the platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Monaqasat operates an electronic tendering marketplace that connects property owners with contractors, suppliers, and consultants for construction projects. Property owners post projects for free and receive competitive bids through a live transparent bidding simulation, while contractors, suppliers, and consultants pay a 2.5-3% commission upon winning tenders. The platform supports the full project lifecycle from design and budgeting through government approvals, contractor evaluation, contract drafting, and dispute resolution.

Product overview

Monaqasat operates as a unified e-tendering ecosystem for the construction industry, comprising the core web platform (monaqasat.net) and companion mobile applications (iOS and Android). The platform connects property owners with a database of contractors, suppliers, and consultants, facilitating the complete tendering lifecycle from project design through contractor selection and execution. Additional offerings include 360° design showcases and the My Monaqasat companion app, all under the ASCO Trading Co. umbrella. Services are offered free to clients, while contractors pay commission fees (2.5-3% depending on tender type).

Differentiator

Problem solved

Functional benefit

Products and services

• Monaqasat E-Tendering Platform Web-based electronic tendering marketplace (monaqasat.net) that connects property owners with contractors, suppliers, and consultants, facilitating the complete tendering lifecycle from project requirements gathering through contractor selection, transparent live bidding, price comparison, multi-party contract drafting, and dispute resolution. Free for property owners; contractors, suppliers, and consultants pay commissions on awarded tenders.
• Monaqasat Mobile App (iOS) iOS mobile application for the Monaqasat e-tendering platform, allowing users to access construction tendering services on-the-go, post projects, receive contractor bids, and manage the tendering process from iPhone and iPad devices.
• Monaqasat Mobile App (Android) Android mobile application providing access to the Monaqasat e-tendering platform. Reports on available industrial, residential, commercial, and public construction projects, fit-outs, contracts, and tenders to help users achieve their construction goals.
• My Monaqasat Companion mobile application by MONAQASAT TRADING AND TECHNOLOGY providing extended functionality for Monaqasat platform users, available on iOS.

Quantifiable outcome

• QAR 2,010,209,000 total project value facilitated
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• ASCO Trading Co. (أسكو للتجارة)coreStrategic or Co-development PartnerParent company that owns and operates the Monaqasat e-tendering platform. ASCO Trading has established national reputation in tendering industry and provides full project management and electronic services infrastructure for the network.

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• BuildingConnected (Autodesk Construction Cloud): Construction tendering/bidding marketplace connecting general contractors and subcontractors with project opportunities — directly analogous to Monaqasat's e-tendering model, now embedded inside Autodesk's broader construction cloud.
• Angi (formerly Angie's List): U.S. home-services marketplace that connects homeowners with contractors via bidding/proposals — analogous marketplace model to Monaqasat, though at larger scale and a different geography.
• Thumbtack: On-demand marketplace where homeowners receive multiple bids from local service professionals; comparable freemium demand-side / commission supply-side mechanics to Monaqasat.
• HomeAdvisor: Home-improvement and home-services marketplace with project-bidding flow similar to Monaqasat; primarily U.S.-focused but instructive on operating-model parallels.
• Houzz Pro: Design-and-renovation marketplace and SaaS suite connecting homeowners with design/build professionals — overlaps with Monaqasat's design-to-contract workflow and 360° design capabilities.

Broad incumbents

• Procore: Leading construction management SaaS platform used by general contractors and owners; overlaps with Monaqasat in digitizing the construction project lifecycle and is a likely long-term competitive threat to homegrown MENA construction platforms.

Emerging players

• PlanRadar: Construction and real-estate project-management SaaS with tendering features; competes in the digitizing-construction tendering/process space and could expand into MENA.
• Bidvine: Service-professionals marketplace where customers post jobs and receive competitive bids — closely mirrors Monaqasat's bidding-flow mechanics in a smaller, UK-rooted geographic footprint.

Regional players

• Property Finder: Leading MENA property marketplace with Qatar presence; relevant as a regional peer by virtue of serving the same Qatari property-owner audience and demonstrating regional marketplace expansion paths.
• Bayut: Major UAE-anchored real-estate marketplace with MENA reach — comparable regional marketplace model and audience, though property-focused rather than construction-tendering focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Monaqasat_NET

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monaqasat