{"id":676964,"date":"2025-12-09T00:00:00","date_gmt":"2025-12-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/09\/maridive-offshore-projects-lands-usd-10-2-mn-qatari-contract\/"},"modified":"2025-12-09T00:00:00","modified_gmt":"2025-12-09T00:00:00","slug":"maridive-offshore-projects-lands-usd-10-2-mn-qatari-contract","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/09\/maridive-offshore-projects-lands-usd-10-2-mn-qatari-contract\/","title":{"rendered":"Maridive Offshore Projects lands USD 10.2 mn Qatari contract"},"content":{"rendered":"<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Maridive Offshore Projects landed a 15-year contract in Qatar with an <\/strong><strong>annual value of USD 10.2 mn <\/strong>to provide maintenance and production support services in the petroleum sector, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/495.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from the Maridive Oil & Services subsidiary. Operations are slated to start in 1Q 2028 for the unnamed client.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUP WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our f<\/strong><strong>riends at <\/strong><strong>Belt<\/strong><strong>one Holding joined Egypt-focused VC player A15 and other angel investors in <\/strong><strong>backing UAE-based proptech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.byitcorp.com\/\" style=\"\" rel=\"noopener\">Byit<\/a><\/strong><strong> with USD 1.1 mn in strategic investments<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/487.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from the startup. The funding will support the Egypt-born company\u2019s expansion of its real estate brokerage services across the GCC \u2014 including its Saudi Arabia launch \u2014 and strengthen its UAE operations. <\/p>\n<p class=\"tag-border-left\">M&A WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beltone Holding are mulling acquiring up to 100% of a <\/strong><strong>UAE-based company owned by a sister company of its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40303139-6bd0-4c73-a30a-57bb74e74a45\" style=\"\" rel=\"noopener\">main shareholder<\/a><\/strong>, Abu Dhabi-based Chimera Investment, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/479.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>.<\/p>\n<p class=\"tag-border-left\">HEALTHCARE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Seha Healthcare plans to secure contracts to manage and operate 5-6 hospitals <\/strong>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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>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\u2019s four key medical hubs in Greater Cairo, Alexandria, the Delta, and Upper Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Beltone Holding mulls acquiring a UAE-based company owned by a  Chimera Investment sister company<\/p>\n","protected":false},"author":1,"featured_media":676965,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,7112,93,72,7115,7128,4269,91,256,296,83,207,208],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-676964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-beltone-holding","tag-energy","tag-enterpriseam","tag-healthcare","tag-ma-watch","tag-makadi-heights","tag-oil-and-gas","tag-orascom-development-egypt","tag-qatar","tag-real-estate","tag-transport","tag-transport-ministry","wpautop","entry"],"acf":{"mongo_id":"0df12a2b-88db-47d5-a3f8-3dfcb3fd82d3","order":"10","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/525.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Maridive Offshore Projects lands USD 10.2 mn Qatari contract","related_issue":[676948],"teaser":"PLUS- Beltone Holding mulls acquiring a UAE-based company owned by a  Chimera Investment sister company","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/12\/.be5f4451-6221-4c3d-8444-87798b796dba.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The contract includes engineering, procurement, installation, and commissioning services for several\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564541,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/oih-demerger-begins\/","url_meta":{"origin":676964,"position":1},"title":"OIH demerger begins...","author":"enterpriseam admin","date":"11 February 2021","format":false,"excerpt":"The EGX30 was flat at today\u2019s close on turnover of EGP 1.56 bn (8.5% above the 90-day average). Local investors were net buyers. The index is up 6.46% YTD. (Yes, we know, it was really up 0.01% today. But that\u2019s flat.)In the green: GB Auto (+3.4%), Palm Hills (+2.9%) and\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572535,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/saudis-khaled-abdullah-al-subaie-holding-to-acquire-maridive-offshore-projects\/","url_meta":{"origin":676964,"position":2},"title":"Saudi\u2019s Khaled Abdullah Al Subaie Holding to acquire Maridive Offshore Projects","author":"enterpriseam admin","date":"29 June 2020","format":false,"excerpt":"M&A WATCH- Saudi\u2019s Khaled Abdullah Al Subaie Holding looks to acquire Maridive Offshore Projects: Jeddah-based Khaled Abdullah Al Subaie Holding Company has expressed interest in acquiring Maridive Offshore Projects, a wholly owned subsidiary of EGX-listed Maridive & Oil Services, the company said in a regulatory filing (pdf) that provided no\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602115,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/maridive-oil-services-turned-in-net-profit-of-usd-14-mn-in-fy2018\/","url_meta":{"origin":676964,"position":3},"title":"Maridive Oil Services turned in net profit of USD 14 mn in FY2018","author":"enterpriseam admin","date":"19 March 2019","format":false,"excerpt":"Maridive Oil Services turned in a net profit of USD 14 mn (-40% year-on-year) in FY2018 on revenues of USD 208 mn (-13%) in a year in which \u201cE&P spending bottomed out and daily charter rates in our industry hit historic lows,\u201d the company said in a regulatory filing (pdf).\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597824,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/maridive-wins-usd-27-mn-service-contract-in-mexico\/","url_meta":{"origin":676964,"position":4},"title":"Maridive wins USD 27 mn service contract in Mexico","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"Maridive Oil Services has won a USD 27 mn services contract for work in Mexico, the company announced in a press release (pdf). The contract includes a USD 12 mn primary service component and a USD 15 mn additional services component and will see the company undertake marine work, diving\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572855,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/maridive-oil-services-net-losses-increase-usd-7-5-mn\/","url_meta":{"origin":676964,"position":5},"title":"Maridive &#038; Oil Services\u2019 net losses increase USD 7.5 mn","author":"enterpriseam admin","date":"12 July 2020","format":false,"excerpt":"EARNINGS WATCH- Maridive & Oil Services\u2019 net losses widened to USD 7.5 mn in 1Q2020, up 532% y-o-y from losses of USD 1.4 mn in 1Q2019, the company said in a regulatory filing (pdf). Revenues fell to USD 13 mn during the quarter from USD 18.1 mn in 1Q2019. 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