Page 39 - Centena Group PR Report - June 2024

Centena Group achieves robust growth in fiscal year 2023 with 28%increasein UAE
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.

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 offerthe most suitable and
effec vesolu ons that are tailored to the specific needs of its customers in the region.

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