Crescent Enterprises
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| Industry | Conglomerate |
|---|---|
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Area served
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Worldwide |
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Key people
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Badr Jafar (Chief Executive Officer) |
| Products | Ports & logistics; power & engineering; business aviation; healthcare, private equity and business incubation |
| Website | crescententerprises.com |
Crescent Enterprises is a multinational company headquartered in the United Arab Emirates with diversified businesses that function under three main divisions – Group Companies, Crescent Investments, and CE-Ventures. It spans several sectors including ports and logistics, power and engineering, business aviation, healthcare, and verticals such as strategic investments, and business incubation. Crescent Enterprises employs over 5,000 people in 22 countries across five continents. The company has over US$1.4 billion in total assets and over the last five years, has achieved a 57% compounded annual growth rate in revenues and executed projects and investments of US$1.65 billion.
Crescent Enterprises is a subsidiary of the Crescent Group, one of the family business groups actively contributing to the economies of the MENA Region for over 44 years. Crescent Group's other subsidiary, Crescent Petroleum, is the first and the largest indigenous, privately owned upstream oil and gas company in the Middle East.
Crescent Enterprises' group companies is balanced between infrastructure-related industries and other core sectors of the economy that includes Gulftainer Group, Momentum Logistics, Gama Aviation, Uruk Engineering & Contracting, Clinical Pathology Services, and Global Gumbo Group.
Crescent Investments manages the company's strategic investments, comprising holdings across alternative asset classes, including private equity, venture capital, real estate and other structured investments. Its portfolio includes: The Abraaj Group, Growthgate Capital, TVM Capital Healthcare Partners, Siraj Palestine Fund I, Wamda MENA Ventures Fund I, Duet-IBC MENA Real Estate Opportunities Fund, Hedosophia MENA and Samena Limestone Holdings, a consortium of investors who acquired over 30% of Ras Al Khaimah (RAK) Ceramics.
In 2014, in order to serve as an incubator and accelerator for start-ups across the Middle East, Crescent Enterprises launched CE-Ventures. In addition to developing new businesses, CE-Ventures works with group companies to transform ideas into viable projects that are socially conscious, environmentally friendly and financially sustainable.
Crescent Enterprises has supported numerous initiatives and campaigns to address key community matters ranging from social entrepreneurship and environment to arts and culture, and corporate governance.
Crescent Enterprises partnered with Ashoka in co-founding the Arab World Social Entrepreneurship Program (ASEP) in early 2016. This was aimed at identifying and scaling the work of local social innovators from the Gulf region by introducing existing local solutions to a global platform and bringing global innovations to the local markets. The company also partnered with the Cherie Blair Foundation and the Sharjah Tatweer Forum's Sharjah Leadership Programme, and is a founding supporter of Education For Employment (EFE).
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