Crescent Enterprises


Crescent Enterprises is a multinational company headquartered in the United Arab Emirates. It operates through four platforms: CE-Operates, CE-Invests, CE-Ventures, and CE-Creates across several sectors including ports & logistics, business aviation, power & engineering, healthcare, private equity, venture capital, business incubation, food & beverage, and sustainable mobility.
CE-Operates holds the operating subsidiaries and affiliates; CE-Invests manages the private equity and other alternative investments; CE-Ventures engages in corporate venture capital investments in early- to late- stage startups with a focus on the MENA region, and CE-Creates conceives and launches businesses with a social impact. Crescent Enterprises employs over 3,000 people in 22 subsidiaries and affiliates across 15 countries.
Crescent Enterprises is a subsidiary of the , a family business group operating in the MENA region since 1971. 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.

History

Crescent Enterprises was founded in 2007 as a subsidiary of the . For the first seven years, it operated under three divisions focusing on core subsidiary industries, investments, and venture capital. In 2014, a fourth division, CE-Creates was formed to focus on developing new businesses internally.

Corporate overview

Crescent Enterprises operates through four platforms:
  1. CE-Operates
  2. CE-Invests
  3. CE-Ventures
  4. CE-Creates

    CE-Operates

CE-Operates manages affiliates and operating subsidiaries in core sectors such as ports & logistics, power & engineering, and business aviation. Affiliates and subsidiaries include the Gulftainer Group, Momentum Logistics, and Uruk Engineering & Contracting.
SubsidiaryDescription
GulftainerGulftainer Group, established in 1976 in the UAE, is the world's largest privately owned, independent port management company, operating in nine countries across five continents and handling over six million TEUs. The company established the Sharjah Container Terminal at Port Khalid, the first container terminal in the Middle East, and operates Khorfakkan Container Terminal. In 2014, Gulftainer became the first and only Middle Eastern port operator with a strategic presence in the Americas, with a 35-year concession at Florida's Port Canaveral. In March 2018, Gulftainer announced winning a 50-year concession to operate its second US port in Wilmington, Delaware.
Momentum LogisticsMomentum Logistics is a wholly owned subsidiary of Gulftainer. It provides transportation, freight forwarding, warehousing, and logistics.
Uruk EngineeringUruk Engineering & Contracting specialises in engineering, procurement and construction with projects ranging from power, oil and gas, petrochemicals, waste water and infrastructure. The company has executed over USD 800 million worth of projects in the Iraqi power sector since 2010, providing electricity to more than 100,000 homes. Uruk is the first EPC contractor to complete an Iraqi Ministry of Electricity Fast Track project, executing the 724 MW and USD 540M power plant project in El Mansouria in partnership with Alstom.

CE-Invests

CE-Invests is the strategic investments platform which maintains a portfolio of alternative asset class investments, including private equity, real estate and other structured investments. Its portfolio includes: Growthgate Capital, TVM Capital Healthcare Partners, FIM-IBC MENA Real Estate Opportunities Fund, Siraj Palestine Fund I, Gama Aviation PLC, and Samena Limestone Holdings, a consortium of investors who acquired over 30% of Ras Al Khaimah Ceramics.

CE-Ventures

CE-Ventures is the corporate venture capital platform focused on investing in early- to late-stage technology-enabled start-ups globally. In November 2017, CE-Ventures announced plans to invest up to USD 150 million over three years till 2020, making it one of the largest corporate venture units in the Middle East and North Africa. CE-Ventures has a goal of deploying 50% of the funds in ventures within the MENA region., CE-Ventures has invested in 20 start-ups and venture capital funds across the US, India, MENA, and South-East Asia, including:
The company is a founding partner of the Pearl Initiative, a member of the United Nations Global Compact, and a signatory of the United Nations Women's Empowerment Principles Equality Means Business. The company is also a member of several World Economic Forum's initiatives including Global Future Councils, Partnering Against Corruption initiative, and the WEF’s MENA Regional Business Council, and the WEF's Family Business Community.