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Thursday, November 26 - 2009

LG wins Dhs140m Smart City contract

  • United Arab Emirates: Monday, June 16 - 2008 at 16:20
  • PRESS RELEASE

Global and regional digital leader LG Electronics has been awarded a Dhs140m contract from Goldcrest Properties, a division of Giga Group, to deploy its HomNet smart home technology in Goldcrest Properties' Smart City project.

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  • Goldcrest Properties' Smart City.
    Goldcrest Properties' Smart City.
LG HomNet will deploy its Home and Community management solutions for the project addressing the growing need for smart home solutions in today's fast paced life.

This alliance will offer tenants a modern lifestyle with sophisticated amenities such as ultra-high speed Internet access, keyless home entry, video and audio communications, integrated security with CCTV streaming, parking & access control, community portal solutions and much more.

"Recognising the potential of its product offering, developers are now choosing LG HomNet to provide customers with a convenient and secure lifestyle integrating digital home solutions," said Mr. K.W. Kim, President of LG Electronics Middle East and Africa Regional Company. "We are well-positioned to support the region's booming property developments and are confident of LG's growth in this niche sector."

Strategically located on Emirates Road and within close proximity to Dubai International Airport, Smart City will offer over 3,500 luxury apartments comprising studios, one-bedroom and two-bedroom units all of which are equipped with LG HomNet's home management solutions.

LG HomNet home solutions also include access control for the household and common entrances, notifications of visitors during the absence of the owner, and other convenient features.

"It is with great pride that the Giga Group launches a project that offers residents smart living options. What we are developing is not a static sculpture, but a lifestyle," said Amir Giga, Managing Director of Goldcrest Properties. "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."
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Notes and media contacts

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/Rima Salman
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 Jumeirah Lake Towers and Ajman.

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