Tech + Growth Oct26

Tech + Growth

Arabian Centres Company Ltd (ACCL) became Saudi Arabia’s largest developer, owner and operator of retail malls by offering international-standard quality shopping and entertainment. In formulating a strategy to build on that success, ACCL’s executive team came to realize that expanding its portfolio across the Kingdom depends as much on harnessing new technology as on providing high-quality retail and leisure offerings. The task of keeping ACCL’s property management software in tune with the company’s strategy lies principally with Rashed Alothman, ACCL’s chief information officer. “A desire to take on new challenges and drive improvements and achievements for the business is my primary motivation,” Alothman said. ACCL, a subsidiary of Fawaz Al Hokair Group, has grown to encompass 19 shopping centers in 10 cities since its founding in 2001.  Its more than 1 million square meters of total gross leasable area (GLA) represent a quarter of all organized GLA in the Kingdom.  ACCL transformed the Kingdom’s retail sector with a commitment to create unparalleled destinations for shoppers, leisure seekers and retailers. ACCL has embraced an aggressive strategy designed to reinforce its position as the Kingdom’s premier mall operator. Eight developments in the pipeline will nearly double its portfolio to approximately 2 million square meters of GLA.  The growth plans are part of a larger goal.  “We seek to advance beyond developing mere functional properties.  We aspire to create living, vibrant and integrated communities and enhance the quality of life for tenants and customers alike,” Alothman said. To achieve that goal and make sure ACCL properties remain the destination of choice for 132 million annual visitors and 3,600 retail outlets, Alothman is spearheading a digital transformation program.  The initiative emphasizes expanding technology capability and utilization in such areas as business-to-business communication, social media and numerous operational procedures. ...