Page 29 - Centena Group PR Report - June 2024

Centena Group Reports Strong FY23 year with 28% UAE Surge

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CENTENA GROUP SEES STRONG FISCAL GROWTH WITH

28% RISE IN UAE

Tilottama Banerjee 4 days ago Banking&Finance Centena Group
The company announced a 30% increase worldwide, showcasing its remarkable achievements

throughout its international operations.

Centena Group, a UAE-based multinational conglomerate, has shown robust growth rates in key markets. In the UAE, the company reported
a significant 28% growth, solidifying its strong local presence. Meanwhile, in Saudi Arabia, growth reached an impressive 53%. Globally,
Centena Group achieved a 30% growth rate, underscoring its commitment to delivering top-tier technology services worldwide.
Factors Driving Growth
The Group attributes its growth to strategic investments in advanced technologies and operational efficiency, coupled with a steadfast
dedication to customer satisfaction. Moreover, Centena Group’s alignment with transformative government initiatives like Saudi Arabia’s
Vision 2030 and the UAE’s Digital Government Strategy 2025 has been pivotal. By embracing digital transformation, Centena Group
enhances service delivery and elevates quality of life, facilitating further expansion.

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.”
Regional Digital Transformation Landscape

The Middle East is witnessing a rapid digital revolution, with nations focusing on economic diversification beyond oil and gas. This evolution
is buoyed by a tech-savvy youth demographic eager to adopt new technologies. Notably, substantial investments are projected in the GCC,
with Saudi Arabia earmarking USD 24.7 billion by 2030 and the UAE committing USD 500 million to advance AI research. PwC forecasts the
AI sector to contribute USD 320 billion to the Middle East economy by 2030.
Centena Group's Vision and Strategy
Centena Group remains at the forefront of technology-driven solutions in the Middle East, championing efficiency and innovation in the
digital sphere. Aligned with progressive national initiatives, the Group is driven by a passion to push innovation boundaries. Looking ahead,
Centena Group aims to expand its product portfolio to offer tailored, effective solutions that meet the evolving needs of regional
customers.

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