Page 45 - Centena Group PR Report - June 2024

Centena Group achieves robust growth in fiscal year 2023 with 28% increase in UAE – The Fashion With Style
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.

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