Page 19 - Centena Group PR Report - June 2024

Centena Group Reports 28% Growth in UAE for Fiscal Year 2023
The company also reported 30 per cent growth globally, demonstra ng its commitment to delivering
best-in-class technology services to customers around the world.
The growth is a ributed to the Group’s strategic investments in state-of-the-art technologies and
opera onal efficiency, combined with an unwavering focus on customer sa sfac on.
Addi onally, Centena Group’s alignment with revolu onary government ini a ves, such as Saudi
Arabia’s Vision 2030 and the UAE’s Digital Government Strategy 2025, are also key factors in their
success. By suppor ng these ini a ves, they have seamlessly embraced digital transforma on to
enhance services and improve quality of life, further propelling their expansion.

Sanjay Raghunath, Chairman and Managing Director of Centena Group Emphasises

Technology’s Role in Growth

Sanjay Raghunath, Chairman and Managing Director of Centena Group, stated: “We at Centena
Group, are delighted to announce these remarkable figures for the previous fiscal year. These
outcomes a est to the dedica on and diligence of our highly qualified team, as well as the steadfast
support of our partners, stakeholders, and esteemed clients. In our role as a customer-focused firm,
we remain commi ed to delivering quality services and fostering innova on as we con nue to grow
our global footprint.”
He added: “Today, technology is the cornerstone of every industry, making products, services, and
systems more efficient. It enables the tracking and streamlining of processes, maintains data flow,
and seamlessly manages contacts and employee records. This increased opera onal efficiency
reduces costs and facilitates rapid business growth. As a result, there is a huge increase in demand for
our sectors, such as marine electronics, security and iden fica on, educa on, industrial processes,
life analy cal sciences, and laboratory furniture. This encourages us further to create new, innova ve
services that benefit the industry and improve quality of life.”

The Middle East Leading the Digital Revolu on

The Middle East is at the forefront of the digital revolu on, with countries across the region pursuing
ambi ous economic diversifica on strategies to move beyond their tradi onal reliance on oil and gas.
This shi is supported by a young, tech-savvy popula on eager to embrace new technologies.
Significant investments in technology are an cipated in the GCC region, especially with Saudi Arabia
expected to allocate an impressive USD 24.7 billion by 2030.
Addi onally, the UAE has commi ed USD 500 million to advance research in ar ficial intelligence and
related fields, further driving demand for innova ve solu ons. According to PwC, the AI sector is
expected to contribute USD 320 billion to the Middle East economy by 2030.
Centena Group con nues to shape the future of technology-driven solu ons in the Middle East by
emphasising efficiency and innova on in the digital space, in keeping with the goals of various
progressive na onal ini a ves.
Driven by a passion to push the boundaries of innova on and technology, the Group looks forward to
further expanding its product por olio, in order to offer the most suitable and effec ve solu ons that
are tailored to the specific needs of its customers in the region.

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