Page 34 - Centena Group PR Report - June 2024
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Centena Group achieves robust growth in fiscal year 2023 with 28%increasein UAE | iHeartEmirates
Centena Group, a UAE-based multinational conglomerate and leading player in the field of
science, engineering, education, and technology solutions,reported significant growth rate of 28
per cent in the UAE, underlining its solid presence in the local market, and an impressive 53 per
cent in Saudi Arabia.
The company also reported30 per cent growth globally, demonstrating its commitment to
delivering best-in-class technology services to customers around the world.
Thegrowth isattributed to the Group’s strategic investments in state-of-the-art technologies and
operational efficiency, combined with an unwavering focus on customer satisfaction.Additionally,
Centena Group’s alignment with revolutionary government initiatives, such as Saudi Arabia’s
Vision 2030 and the UAE’s Digital Government Strategy 2025, are also key factors in their
success. By supporting these initiatives, they have seamlessly embraced digital transformation
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 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
innovationas 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 asmarine 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
improvequality 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
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