Crescent Enterprises Pledges AED 250 Million to Scale CE-Creates, Fostering UAE’s Global Startup Ambitions
Crescent Enterprises has announced a landmark investment of AED 250 million to scale its venture-building platform, CE-Creates, reaffirming its commitment to nurturing home-grown businesses with the potential to achieve global scale. The announcement, made by Rakhil Fernando, Head of CE-Creates, took place at Expand North Star and GITEX—the world’s leading startup and investor event—underscoring support for the UAE’s vision of transforming into the ‘Start-up Capital of the World’.
Demonstrating leadership as a private sector first mover in backing national initiatives, Crescent Enterprises continues to build on its longstanding legacy of pioneering impact-driven businesses across the region. The new investment program pairs patient capital with hands-on venture building, designed specifically to empower local entrepreneurs, enabling them to accelerate their ventures and compete on the international stage.
“We are delighted to announce our investment commitment to scale CE-Creates,” said Rakhil Fernando, Head of CE-Creates.
The announcement also aligns with major national campaigns to bolster the ecosystem for innovation and entrepreneurship in the UAE and the wider Arab region. CE-Creates, as the innovative arm of Crescent Enterprises, focuses on the creation and growth of UAE-origin businesses with ambitious global outlooks. The AED 250 million commitment will provide these startups with much-needed resources to develop sustainable, scalable solutions.
The investment strategy revolves around combining long-term financial support with practical business expertise. This approach ensures that regional founders not only have access to essential funding but also benefit from Crescent Enterprises’ established networks and operational experience.
Crescent Enterprises, through CE-Creates, continues to be a catalyst in transforming the UAE into a vibrant hub for entrepreneurship and innovation, contributing to a sustainable environment for new ventures to thrive both locally and internationally.
To read more about this commitment, visit: Crescent Enterprises Announcement.
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