Sankey Prasad Unveils Sterling Ark to Tap into GCC’s $3 Trillion Project Pipeline
Dubai/Mumbai, March 26:
Real estate leader Sankey Prasad has announced the launch of Sterling Ark, a specialized Middle East-based platform formed following his full acquisition of Colliers Project Leaders Middle East. The newly independent, founder-led organization is positioned to capture a significant share of the Gulf Cooperation Council’s (GCC) expanding real estate and infrastructure market, which currently boasts a project pipeline estimated at nearly $3 trillion.
According to a press release, the transition to Sterling Ark follows a two-stage acquisition process. Prasad initially secured a 30% stake in the business in 2024 while serving as Chairman, before completing the purchase of the remaining 70% toward the end of 2025. While the firm has rebranded, it retains its existing leadership team and operational frameworks, aiming to provide an agile model for project management, design and build solutions, and development advisory across the retail, hospitality, and commercial sectors.
The launch aligns with a period of historic investment in the Middle East, driven by national economic diversification programs. Market data indicates the region’s real estate sector was valued at approximately $865.9 billion in 2025 and is on a trajectory to reach $1.17 trillion by 2034. Sterling Ark intends to leverage Prasad’s four decades of experience—having overseen more than 200 million square feet of development—to support these complex, multi-stakeholder capital projects.
Currently, the firm is in advanced discussions regarding strategic partnerships to accelerate its growth across the Gulf. The company’s primary focus remains on providing disciplined leadership for developers and institutional investors during the planning and execution phases of large-scale urban developments.
Commenting on the strategic move, Sankey Prasad, Chairman of Sterling Ark, emphasized the necessity of specialized governance in the current market. “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,” he said.
