Centena Group Achieves Robust Growth in Fiscal Year 2023 with 28% Increase in UAE

Technology

Centena Group Achieves Robust Growth in Fiscal Year 2023 with 28% Increase in UAE

Centena Group, a UAE-based multinational conglomerate specializing in science, engineering, education, and technology solutions, has reported a significant growth rate of 28% in the UAE and an impressive 53% in Saudi Arabia for the fiscal year 2023. The company also recorded a 30% increase globally, underscoring its strong global presence and commitment to delivering top-tier technology services.

This robust growth is attributed to Centena Group’s strategic investments in cutting-edge technologies and a steadfast focus on operational efficiency and customer satisfaction. The Group’s alignment with transformative government initiatives, such as Saudi Arabia’s Vision 2030 and the UAE’s Digital Government Strategy 2025, has further propelled its expansion by embracing digital transformation to enhance services and improve quality of life.

Sanjay Raghunath, Chairman and Managing Director of Centena Group, expressed his satisfaction with the fiscal results: “These remarkable figures reflect the dedication and diligence of our highly qualified team and the unwavering support of our partners, stakeholders, and esteemed clients. As a customer-focused firm, we are committed to delivering quality services and fostering innovation to grow our global footprint.”

Raghunath added, “Technology is now the cornerstone of every industry, making products, services, and systems more efficient. This increased operational efficiency reduces costs and facilitates rapid business growth. Consequently, there is a substantial increase in demand for our sectors, such as marine electronics, security and identification, education, industrial processes, life analytical sciences, and laboratory furniture. This demand encourages us to create new, innovative services that benefit the industry and improve quality of life.”

The Middle East is leading the digital revolution, with countries in the region pursuing ambitious economic diversification strategies to reduce reliance on oil and gas. This shift is supported by a young, tech-savvy population eager to adopt new technologies. Significant investments in technology are expected in the GCC region, with Saudi Arabia projected to allocate USD 24.7 billion by 2030. The UAE has committed USD 500 million to advancing research in artificial intelligence and related fields, driving demand for innovative solutions. According to PwC, the AI sector is anticipated 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. The Group is driven by a passion for pushing the boundaries of innovation and technology, and it looks forward to expanding its product portfolio to offer tailored, effective solutions for its customers in the region.