In an unusual but potentially highly effective application of satellite technology, two companies, Satellogic and Quant, are bringing satcoms-supplied data to the Saudi Arabian real estate market.
Satellogic, a leader in sub-meter resolution earth observation data collection, has signed an agreement with Quant Data & Analytics, a leading Saudi provider of data and AI products and enterprise solutions focused on the real estate and retail sectors.
This strategic agreement leverages Satellogic’s high-resolution satellite imagery to serve and evolve the ever-expanding property technology landscape across Saudi Arabia and the Gulf region.
Quant’s collaboration with Satellogic will, it is hoped, 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. The agreement will empower the Saudi Arabian and Gulf region’s real estate and retail sector by delivering AI solutions and insights, accuracy and efficiency for driving growth and enhancing decision-making processes.
This collaboration is a timely one: it coincides with increased Saudi government investment in infrastructure to stimulate tourism, and residential and commercial real estate developments.
Leveraging Satellogic’s high-resolution earth observation satellite constellation, the agreement will enable monitoring of rapid urban development and compliance with environmental and zoning regulations, enhancing competitiveness in a high-growth market.
The partners suggest that, by harnessing the power of satellite imagery, Quant is laying the foundation for a futuristic approach to data-led development, monitoring, and decision-making. Indeed, they argue that this collaboration promises to be a game-changer in utilizing big data to make transformative impacts on real estate, retail and more.
