Huawei and Quant changing the real-estate market in Saudi Arabia

Although it is one of the richest countries in the world, and the overwhelming preference for investors in the country’s real estate market over stocks, Saudi Arabia has been poor in the real estate sector until relatively recently.

This was something Ahmed Bochamsin He wanted to change his company amount The real estate investment market is scheduled to be transferred and open pricing information for buyers, speculators and investors.

As you may expect, at the heart of the quantity is the data-declared and investigative prices, appointment, proposed and continuous construction details, geological data, photos, and much more. We talked to Ahmed in the last MWC (The mobile global conference) In Barcelona, ​​to talk about the company’s vision and its journey until now. But first we asked about the platform for selecting its chosen data – the basis for the company.

“The main challenge was compliance with data protection.

The Kingdom of Saudi Arabia, the Middle East, Africa and APAC are targeted markets for the giant of Chinese technology, but they were not immediate in the quantity. We discovered that Huawei provides cloud services late […] About this time last year. We started comparing Huawei with others. “

With the development of the Quant’s business model, it also made its requirements. The company started only to provide the information it drew from Saudi municipal data records, but it has since affected the basic information of local data and high -resolution satellite images.

“We used a data center [here] The data had to move from Saudi to Europe and return. We were Run artificial intelligence on the edgeOn the pictures without storing them. But now we have different use cases, so we needed to store data before and after processing, after enrichment or glorification. There was a great cost, and we did not expect it at first. “

Part of the issue was the pictures that the company was deviating from satellite to obtain updated images of the buildings on the ground, and those in the construction process. He was taking detailed pictures once every two weeks, and he was about to go with the rhythm of daily satellite photography.

“We started to test Huawei in terms of cumin, especially because we have broadcast large size data, and we would like to get individuals who use our application on the mobile phone to get a smooth experience, and start moving within the application.”

The application issued by Quant real estate market opens to anyone: individuals who buy their first place, governor managers who choose new capabilities, investors of all sizes, real estate owners, and those – like Ahmed was once – in the hope of finding a place to rent without the tremendous variation in the prices that were the standard before the amount of its service began.

Quant combines different data sources such as real estate prices, maps, satellite images, and planning documents approved by the government, including to give application users everything they need to find property or landing to buy and sell.

The future will witness the review of its data, enriching it more, and adding a value to its customers. “We need to develop discovering a specific feature or detecting organisms.

Although the quantity is likely to have the technical “pieces” to build its own models, it turns into Huawei:

“Through our new development, calculate the form [ourselves] It will take six months to publish. Now when we run it, it takes four hours. Ahmed said: “The last time I reviewed the team, we run it every week.”

Quant plans include a service for retail dealers that will recommend the best areas to place their stores, given the known population composition in the neighborhood – all the data it collects, its complexes, prose, and gifts. In addition, there is a project on the table that extends the data range to take the rental market.

Looking at the speed at which the Kingdom of Saudi Arabia is developing, Huawei needs to move at least quickly. “We want to see you in Saudi Arabia, and see the return on real estate!

You can download the quantitative application, Read more about the company on its websiteAnd verification Huawei service offers for Saudi Arabia and abroad.

(Image source: European Space Agency, licensed under CC BY-SA 3.0 IG.)