LG Electronics will expand its B2G (business-to-government transaction) business in the Middle East.
LG Electronics said on the 23rd that on the 19th in Dubai it signed a "strategic partnership for Smart City construction" with Expo City Dubai, an agency under the United Arab Emirates (UAE) government. Cho Joo-wan, LG Electronics chief executive officer (CEO), and Ahmed Al Khatib, Expo City Dubai's chief of development and delivery, attended the event.
This strategic partnership is an extension of the expanded cooperation for AI technology, applied service development and AI, and energy infrastructure construction discussed at the Korea-UAE business roundtable.
Expo City Dubai is building a 3.5-square-kilometer Smart City on the site where Expo 2020 Dubai was held, home to about 35,000 residents.
As a "space package operator" that provides space as a service (SaaS, Space as a service), LG Electronics will, through this partnership with Expo City Dubai, push to supply advanced heating, ventilation and air conditioning (HVAC) solutions drawing attention amid the spread of AI data centers and smart home solutions based on an AI Home Hub.
Cho said, "LG Electronics' differentiated HVAC technology and smart home solutions based on an AI Home Hub will contribute to achieving the UAE government's future vision," adding, "We will accelerate securing new business opportunities in the B2G domain in the Middle East, where there are many state-led projects."