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Centena Group achieves robust growth in fiscal year 2023
with 28% increase in UAE
(Dubai, UAE) - 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 reported 30
per cent growth globally,
demonstrating its commitment
to delivering best-in-class
technology services to
customers around the world.
The growth is
attributed 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 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.”
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
emphasizing 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, 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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