Company: Crescent Petroleum
Majid Jafar runs the region’s oldest privately held energy giant, Sharjah-based Crescent Petroleum. The firm has focused on oil and gas exploration in countries like Iraq and Egypt, and alongside sister company Dana Gas (of which Jafar is also managing director), has invested over $1bn in Kurdistan’s energy sector. That, however, is only part of Jafar’s story.
He is also vice chairman of the Crescent Group, the holding company founded by his father Hamid Jafar, which includes interests in transport, logistics, private equity and property, and is also vice chairman of the Global Energy Initiative, an NGO based in New York which focuses on sustainable development through tackling climate change and energy poverty worldwide.
He is also vice chairman of the World Economic Forum’s Global Agenda Council on Youth Unemployment, and the founder of the Arab Stabilisation Plan, a strategy that aims to use the private sector in the region to combat economic instability. In addition, Jafar is also chairman of the Middle East-North Africa Business Council, and holds degrees from Cambridge, London’s School of Oriental and African Studies (SOAS), and an MBA from Harvard Business School.