Real Estate Leader Sankey Prasad Launches Sterling Ark formerly Colliers Project LeadersMiddle East to Target GCC’s $3 Trillion Project Opportunities

Dubai, UAE, 24th March 2026 Real estate leader Sankey Prasad has launched Sterling Ark after
acquiring full ownership of the former Colliers Project Leaders Middle East business. The Middle East
based platform will focus on Real estate solutions, project management, design & build solutions for
Interior fitouts, and development advisory across retail, mixed-use, hospitality, commercial and
infrastructure developments across the GCC, positioning itself to support the region’s expanding
pipeline of large-scale real estate and urban development projects.
Sankey had acquired a 30% stake in the business in 2024 while serving as Chairman. Toward the end
of 2025, he completed the acquisition of the remaining 70%, transitioning the firm into an
independently owned, founder-led organisation.
Now operating under the new identity Sterling Ark, the firm retains its existing leadership team, project
expertise and operating frameworks that have supported complex development mandates across the
region. The rebranding reflects a strategic repositioning toward a more agile operating model designed
to respond to evolving investor and developer requirements across Gulf markets.
The launch comes at a time when the Middle East continues to see significant real estate and
infrastructure investment driven by economic diversification initiatives and large-scale national
development programmes. The region’s real estate market was valued at approximately $865.9 billion
in 2025 and is projected to approach $1.17 trillion by 2034, while the wider GCC continues to advance
a project pipeline estimated at nearly $3 trillion across construction and infrastructure sectors.
With more than four decades of experience across the Middle East, India, Africa and South Asia. Sankey
has overseen the delivery of more than 200 million square feet of real estate development across
multiple asset classes. His career has been closely associated with building state-of-the-art project
management, advisory, and transaction platforms capable of supporting complex, multi-stakeholder
developments.
Sterling Ark will focus on supporting developers, investors and institutions in the planning and
execution of complex developments acrosssectors as well as large-scale capital projects. The company
is in advanced stage of discussions exploring strategic partnerships to expand its business growth in
the region.
Sankey Prasad, Chairman of Sterling Ark, says: “Across the Middle East, the scale of development
ambition continues to grow, and with it the need for disciplined project leadership and governance.
Sterling Ark has been created to operate at that intersection, combining global delivery standards with
regional insight to support complex developments from concept to closeout. Our focus is on building a
platform that works closely with developers and investors to deliver projects with clarity, accountability
and long-term value.”
As Sterling Ark begins operations under its new identity, the firm will continue working with its existing
clients and partners while expanding its engagement across key development markets in the GCC.