Page 31 - Centena Group PR Report - June 2024

Centena Group achieves robust growth in fiscal year 2023 with 28%increasein UAE | UAE News 24/7

Thegrowth isa 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,
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 onas 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 asmarine 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 improvequality of life.”

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 toPwC, the AI sector is expected to contribute USD
320 billion to the Middle East economy by 2030.

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