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As per the terms of the contract, LG HomNet will deploy its Home and Community management solutions for the project, billed to further underline the growing importance of smart home solutions in the booming real estate market in the GCC.
'This important win showcases LG's increasing importance in the region's construction sector and a very special time for our business in the region,' explained Mr. K.W. Kim, President of LG Electronics - Middle East and Africa. 'With more and more developers bringing diversity into their projects, LG HomNet is well-positioned to support the market and grow its business in this niche sector.'
Goldcrest Dreams 3, the first smart project in Ajman, comprises of ultra-modern residential towers fully furnished with contemporary furniture. The project is equipped with LG HomNet's home management solutions offering safe and efficient living. The new residential project features fully equipped one, two and three-bedroom apartments, offering buyers a unique opportunity to experience an unrivalled lifestyle.
LG HomNet offers home solutions such as access control at the household and common entrances, notifications of visitors during the absence of the owners, and many other unique and convenient features.
'As the proven specialists in smart home technology, LG Electronics offers a number of advantages over other providers, while boosting our own stature in the region's construction sector,' explained Mr. Amir Pardesi, Vice-Chairman of Mazyood Giga International. 'LG maintains a strong reputation in the international HomNet marketplace for delivering cost effective and robust solutions,' he added. 'We believe this, combined with our experience and proven track record, positions our project at the forefront within this sector for continued growth.'
Mr Abid Junaid, Executive Director, ETA Star Properties, added: 'LG has been extremely responsive to our needs and have demonstrated a thoroughly professional approach to bring our project to life. We are delighted that they share the same vision and dedication to create the finest masterpieces in the region's construction history.'
Star Giga awards Dhs30m contract to LG for Smart Home solutions
Global and regional digital leader LG Electronics has won a Dhs30m contract from Star Giga, a joint venture between Mazyood Giga and ETA Star, to deploy its HomNet smart home technology in Goldcrest Dreams 3, Ajman's first 'smart building'.
- United Arab Emirates: Monday, November 05 - 2007 at 10:59
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For more information, contact:Hamad M. Malik
Director
Marketing & Corporate Communications
LGE Middle East & Africa Operations
Tel: +9714-3340066
Fax: +9714-3370515
Edward D'Mello/Sameena Ibrahim
Polaris Public Relations
Dubai, UAE
Tel: +9714-3348522
Fax: +9714-3341326
About LG Electronics, Inc.
LG Electronics, Inc. is the global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in over 120 operations including 80 subsidiaries around the world. Comprising four business units - Mobile Communications, Digital Appliance, Digital Display and Digital Media with 2006 global sales of USD 38.6 billion - LG Electronics is the world's leading producer of CDMA handsets, air conditioners, optical storage devices, DVD players and home theatre systems.
LG Electronics Digital Appliance Company (DAC) is a technology leader and pioneer in home appliance convergence. LG DAC provides a total package of digital products for the home, including air conditioners, refrigerators, washing machines, cooking appliances and vacuum cleaners. LG is driving innovation in home appliance technology through products such as the world's first interactive refrigerator and the steam washing machine. LG DAC is building new growth opportunities in built-in kitchen appliances, commercial air conditioners and networked home appliances.
About Giga Group
Established in 1956, Giga Group of Companies is one of the largest groups in UAE with diversified interests in textile, gold refining, bullion trade, real estate development, general trading and construction. Giga Group is strengthening its position as a leading property developer by focusing on its business of property development locally, regionally, and international to achieve high returns. To add to its laurels coupled with a vision to undertake mega projects the Giga Group has established joint ventures with leading development companies of UAE. The group, spread across three countries, prides itself with an experience of over 53 years of business excellence within all fields it has ventured into across the world. Giga Group of companies is primed for further expansion in regional markets, and is expected to announce further projects and ventures in the near future. The group's UAE real estate portfolio includes prestigious residential properties such as the Gold Crest Brand located at Jumeriah Lake Towers and Ajman.
Posted by Medilyn Manibo, Assistant News EditorMonday, November 05 - 2007 at 10:59 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
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