LOGISTICS-

Maridive Offshore Projects landed a 15-year contract in Qatar with an annual value of USD 10.2 mn to provide maintenance and production support services in the petroleum sector, according to a statement (pdf) from the Maridive Oil & Services subsidiary. Operations are slated to start in 1Q 2028 for the unnamed client.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

STARTUP WATCH-

Our friends at Beltone Holding joined Egypt-focused VC player A15 and other angel investors in backing UAE-based proptech startup Byit with USD 1.1 mn in strategic investments, according to a statement (pdf) from the startup. The funding will support the Egypt-born company’s expansion of its real estate brokerage services across the GCC — including its Saudi Arabia launch — and strengthen its UAE operations.

M&A WATCH-

Beltone Holding are mulling acquiring up to 100% of a UAE-based company owned by a sister company of its main shareholder, Abu Dhabi-based Chimera Investment, according to an EGX disclosure (pdf).

HEALTHCARE-

Seha Healthcare plans to secure contracts to manage and operate 5-6 hospitals owned by third parties over the next five years, with total investments exceeding EGP 250 mn and a combined capacity of more than 500 beds, founder and chairman Mohamed Azab said during a press conference attended by EnterpriseAM yesterday.

What’s next? Seha is studying a potential contract to manage a hospital in Assiut as part of its expansion strategy focused on establishing a presence across Egypt’s four key medical hubs in Greater Cairo, Alexandria, the Delta, and Upper Egypt.

Tags: