Quant Data and Analytics, a Saudi provider of data and artificial intelligence products and enterprise solutions focused on the real estate and retail sectors, has announced a transformative three-year agreement with Satellogic Inc., a leader in sub-meter resolution Earth observation data collection. This strategic agreement leverages Satellogic’s high-resolution satellite imagery to serve and evolve the ever-expanding property tech landscape across Saudi Arabia and the Gulf region.
Quant’s collaboration with Satellogic will lead to the development of derivative products, transforming and broadening the adoption of data science, AI and SaaS products for real estate and retail. Satellogic’s flexible and scalable business model will support Quant’s Suhail platform, an interactive real estate tool for agencies, developers and clients, and Fruits360’s location intelligence tool, a state-of-the-art tool designed to empower restaurants with insights for geographical expansion and strategic location selection.
Ahmed Bukhamseen, CEO of Quant Data and Analytics, said: “Our collaboration with Satellogic marks a momentous advancement in real estate analytics for our region. The integration of high-resolution satellite imagery with our AI and geospatial technologies elevates our interactive real estate platform Suhail, and location intelligence tool powered by Fruits360, to unprecedented levels. Through utilizing GIS, data analytics and machine learning, we are also looking to support Vision 2030 with a novel location intelligence tool powered by our product, Fruits360. The feature will support the advancement of the retail and hospitality sectors by providing actionable insights into market dynamics, customer behavior, competition and other essential factors that influence expansion decisions. This collaboration resonates with our vision of a data-driven global economy and fulfills our goal to spread, implement and automate data-led solutions.”
Caitlin Kontgis, Satellogic’s senior vice president of commercial and growth, added: “Quant is redefining the future of real estate, creating opportunities for evolving processes such as property valuations and insurance underwriting. They needed an EO data provider capable of delivering high-capacity, high-resolution and frequent revisits at an attainable price. This relationship illustrates the potential of Satellogic’s EO business model.”
The collaboration is timely, coinciding with increased Saudi government investment in infrastructure to stimulate tourism, residential and commercial real estate development. Leveraging Satellogic’s high-resolution EO satellite constellation, the agreement will enable monitoring of rapid urban development and compliance with environmental and zoning regulations, enhancing competitiveness in the high-growth market.
By harnessing the power of satellite imagery, Quant is laying the foundation for a futuristic approach to real estate development, monitoring and decision-making. This collaboration promises to be a game-changer in utilizing big data to make transformative impacts on real estate, retail and beyond.
