Crescent Enterprises

Crescent Enterprises

Industry	Conglomerate
Area served	Worldwide
Key people	Badr Jafar (chief executive officer)
Products	Ports and Logistics Business Aviation Power and Engineering Health care Private equity Venture Capital Business Incubation Food and Beverage Sustainable Mobility
Website	crescententerprises.com

Crescent Enterprises is a multinational company headquartered in the Emirate of Sharjah, United Arab Emirates. The company operates through four platforms: CE-Operates, CE-Invests, CE-Ventures, and CE-Creates, across sectors that include ports and logistics, food and beverages, and business aviation, as well as across business verticals, such as private equity, venture capital, and business incubation.^[1]

Crescent Enterprises, created in 2007, is a subsidiary of the Crescent Group, a family business group operating in the MENA region since 1971. The Crescent Group's other subsidiary, Crescent Petroleum, is a privately-owned upstream oil and gas company in the Middle East.^[2]

Crescent Entreprises operate Gulftainer, a privately-owned port management company, which manages ports in the UAE, Saudi Arabia, Iraq, and the United States.^[3]

The corporate venture capital unit was established in 2017 and invests in early- to late-stage startups with focus on tech-enabled solutions.^[4] Companies CE-Ventures invested in include NerdWallet and cloud kitchen platform Kitopi.^[5] In 2018, CE-Ventures acquired a minority stake in Dubai-based logistics company Transcorp.^[6]

See also

• Crescent Petroleum
• Gulftainer

References

1. Sharma, Alkesh (9 May 2021). "Sharjah's Crescent Enterprises plans to invest Dh1bn in start-ups by 2022". The National. Retrieved 1 May 2023.
2. "Crescent launches $150m venture capital division". Saudi Gazette. Retrieved 9 March 2018.
3. "Gulftainer handled operations in record time at Iraq port". gulfnews.com. Retrieved 1 May 2023.
4. "'A recession is a good time to make startup investments', says CE-Ventures Tushar Singhvi". gulfnews.com. Retrieved 1 May 2023.
5. "Crescent Enterprises to double its investments in start-ups to Dh1 billion by 2022". gulfnews.com. Retrieved 1 May 2023.
6. Staff, Entrepreneur Middle East (27 November 2018). "CE-Ventures Acquires Significant Stake in UAE-based Transcorp". Entrepreneur. Retrieved 1 May 2023.