Page 26 - Centena Group PR Report - June 2024

Centena Group achieves robust growth in fiscal year 2023 with 28% increase in UAE - Middle East News 247
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
attest to the dedication 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 committed
to delivering quality services and fostering innovation as we continue 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 operational 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 identification, education, industrial processes, life analytical sciences, and
laboratory furniture. This encourages us further to create new, innovative services that benefit the industry

and improve quality of life.”

The Middle East is at the forefront of the digital revolution, with countries across the region pursuing

ambitious economic diversification strategies to move beyond their traditional reliance on oil and gas. This
shift is supported by a young, tech-savvy population eager to embrace new technologies. Significant
investments in technology are anticipated in the GCC region, especially with Saudi Arabia expected to

allocate an impressive USD 24.7 billion by 2030. Additionally, the UAE has committed USD 500 million to
advance research in artificial intelligence and related fields, further driving demand for innovative solutions.
According to PwC, the AI sector is expected to contribute USD 320 billion to the Middle East economy by
2030.

Centena Group continues to shape the future of technology-driven solutions in the Middle East by
emphasising efficiency and innovation in the digital space, in keeping with the goals of various progressive

national initiatives. Driven by a passion to push the boundaries of innovation and technology, the Group
looks forward to further expanding its product portfolio, in order to offer the most suitable and effective
solutions that are tailored to the specific needs of its customers in the region.

Last Updated on 4 days by Middle East News 247

https://menews247.com/centena-group-achieves-robust-growth-in-fiscal-year-2023-with-28-increase-in-uae/ 2/2