Regency Group Holding, one of Qatar’s leading business organizations, with entities in real estate, travel & tourism, hospitality, and technology industries, signed a Memorandum of Understanding (MoU) with Dell Technologies, yesterday. The MoU was signed by Hassan Ibrahim Al Asmakh, Vice-President and CEO at Regency Group Holding; and Ghassan Kosta, Country Manager, Dell Technologies, Qatar, in the presence of Margret Franco, Senior Vice-President- Europe, Middle East & Africa, Marketing at Dell Technologies. The signing ceremony was held on the sidelines of the Dell Technologies Forum at St. Regis Hotel.
The collaboration aims at empowering the retail and real estate customers of Regency Group Holding with smart technology solutions.
“This is a very pleasant initiative that should really span the entire GCC and the transformation of security and building management in the real estate sector and how we manage the interconnected entities”, Ibrahim Al Asmakh told The Peninsula, after the signing ceremony.
“Our tie-up with Dell is in line with the Regency Group’s vision that how we can increase our capacity by relying less on human capital. Digitization and automation are usually synonymous with less reliance on human capital. Some of our companies are working on drone analytics. Some companies, in the run-up to FIFA 2022, are preparing for the reduction on the reliance on manpower by enabling technology,” he said.
Earlier, in a statement issued to the media, Ibrahim Al Asmakh said digitization is unlocking new levels of socio-economic property. However, in order to capitalize on these opportunities, organizations in Qatar, big or small, need to adopt and adapt to advancements in technology. “Therefore, as we progress in our journey to modernize our business, we wanted to empower our real estate and retail customers with the right technology that can help them harness the power of innovation. And, we hope that our collaboration with Dell Technologies reflects this commitment.”
Qatar’s Vision 2030 heavily emphasizes on sound economic development as an engine that drives progress by providing more opportunities and a better way of life to the citizens. Achieving this objective greatly hinges on Qatar’s ability to build a sustainable business environment-one that can attract more investments, is innovation-backed and showcases a world-class infrastructural backbone.
Keeping this objective in mind, Regency Group Holding wanted to empower their real estate and retail customers with the right technology solutions to help enrich and personalize customer experience. The MoU will help the Group leverage and offer the necessary technical expertise, industry knowledge coupled with Internet of Things (IoY) and artificial intelligence (AI), he said.
Ghassan Kosta commented: “We believe that in this era of digitization, IT is no longer just a business function, but business itself, thus digital transformation is a clear imperative to power human progress… We are pleased to collaborate with Regency Group Holding and help their customers elevate the customer experience, and create competitive differentiation with our industry expertise and leading solutions, which is critical to succeed in this data-driven age”.