Yegna tube Shukshukta Al Amoudi | Shukshukta Nebiyat Mekonnen | Shukshukta Debub Global Bank

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Shukshukta Al Amoudi | Shukshukta Nebiyat Mekonnen | Shukshukta Debub Global Bank | foreclosure house For sale in Ethiopia | House For Sale in Ethiopia | Zehabesha Special

Arabian billionaire businessman. He was born in Ethiopia in 1946 to a Yemeni father and an Ethiopian mother. In 2016, his net worth was estimated by Forbes at approximately $10.9 billion and a relative fall in net value was linked to the global fall in oil and gold prices at the time of estimation.He was also listed as Ethiopia's richest man, the second richest Saudi Arabian citizen in the world and the second richest black person in the world. Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. He is the largest individual foreign investor in Ethiopia and a major investor in Sweden.

Al Amoudi owns a broad portfolio of businesses in construction, energy, agriculture, mining, hotels, healthcare and manufacturing amongst others. His businesses are largely to be found within two conglomerate holding and operating companies, Corral Petroleum Holdings and MIDROC, both which he owns and manages. He employs over 70,000 people through these companies.

Al Amoudi's construction company consortium, Mohammed International Development Research and Organization Companies, also known as MIDROC, won a contract to build Saudi Arabia's estimated $30 billion nationwide underground oil storage complex in 1988. MIDROC acquired Yanbu Steel in Saudi Arabia in 2000.

In addition to his business interests in Ethiopia, he also owns oil refineries in Morocco and Sweden (Svenska Petroleum Exploration AB) and is engaged in energy exploration and production off West Africa and elsewhere. His Addis Ababa Sheraton is said to be among the finest hotels in Africa.

He has recently pledged US$275 million alongside other Saudi and South Korean investors through MIDROC to finance a factory to build Saudi Arabia's first car, to be called Gazal-1, in a project initiated by King Saud University and, in September 2011, it was announced that he planned to invest around US$1.07bn (4bn Saudi Riyals) in two major Saudi industrial projects (phosphate derivatives and sulfur) in Ras Al Khair [Eastern Region] and Jubail Industrial City respectively.

 

African First Ladies were not left out as their husbands deliberated over issues of peace, security and corruption as concerns the continent. The Organization of African First Ladies against HIV/AIDS (OAFLA) was also active on the sidelines of the just ended 30th African Union Heads of State and government meeting in the Ethiopian capital, Addis Ababa. Overall, seventeen First Ladies met for what was their 20th Ordinary General Assembly at the A.U. headquarters. Their discussions centered on efforts by African nations to meet HIV infection reduction targets ahead of the year 2020. displayAdvert("mpu_3") [Photos] African first ladies meet at 2017 A.U. summit, Ethiopia’s Tesfaye elected president Michel Sidibe is head of UNAIDS and he was present during deliberations at the summit .US_AU the 20th Ordinary General Assembly of Organization of African First Ladies Against HIV/AIDS (#OAFLA) _AfricanUnion. OAFLA’s theme this year is Transforming Africa through Prioritizing Children, Adolescents and Mothers in the Fight against HIV. pic.twitter.com/hTHNau7FLh— US Mission to the AU (US_AU) January 29, 2018 Photos courtesy OAFLA, FirstLadyKenya and @RAkufoAddo " />
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Shukshukta Al Amoudi | Shukshukta Nebiyat Mekonnen | Shukshukta Debub Global Bank | foreclosure house For sale in Ethiopia | House For Sale in Ethiopia | Zehabesha Special

Arabian billionaire businessman. He was born in Ethiopia in 1946 to a Yemeni father and an Ethiopian mother. In 2016, his net worth was estimated by Forbes at approximately $10.9 billion and a relative fall in net value was linked to the global fall in oil and gold prices at the time of estimation.He was also listed as Ethiopia's richest man, the second richest Saudi Arabian citizen in the world and the second richest black person in the world. Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. He is the largest individual foreign investor in Ethiopia and a major investor in Sweden.

Al Amoudi owns a broad portfolio of businesses in construction, energy, agriculture, mining, hotels, healthcare and manufacturing amongst others. His businesses are largely to be found within two conglomerate holding and operating companies, Corral Petroleum Holdings and MIDROC, both which he owns and manages. He employs over 70,000 people through these companies.

Al Amoudi's construction company consortium, Mohammed International Development Research and Organization Companies, also known as MIDROC, won a contract to build Saudi Arabia's estimated $30 billion nationwide underground oil storage complex in 1988. MIDROC acquired Yanbu Steel in Saudi Arabia in 2000.

In addition to his business interests in Ethiopia, he also owns oil refineries in Morocco and Sweden (Svenska Petroleum Exploration AB) and is engaged in energy exploration and production off West Africa and elsewhere. His Addis Ababa Sheraton is said to be among the finest hotels in Africa.

He has recently pledged US$275 million alongside other Saudi and South Korean investors through MIDROC to finance a factory to build Saudi Arabia's first car, to be called Gazal-1, in a project initiated by King Saud University and, in September 2011, it was announced that he planned to invest around US$1.07bn (4bn Saudi Riyals) in two major Saudi industrial projects (phosphate derivatives and sulfur) in Ras Al Khair [Eastern Region] and Jubail Industrial City respectively.

 

African First Ladies were not left out as their husbands deliberated over issues of peace, security and corruption as concerns the continent. The Organization of African First Ladies against HIV/AIDS (OAFLA) was also active on the sidelines of the just ended 30th African Union Heads of State and government meeting in the Ethiopian capital, Addis Ababa. Overall, seventeen First Ladies met for what was their 20th Ordinary General Assembly at the A.U. headquarters. Their discussions centered on efforts by African nations to meet HIV infection reduction targets ahead of the year 2020. displayAdvert("mpu_3") [Photos] African first ladies meet at 2017 A.U. summit, Ethiopia’s Tesfaye elected president Michel Sidibe is head of UNAIDS and he was present during deliberations at the summit .US_AU the 20th Ordinary General Assembly of Organization of African First Ladies Against HIV/AIDS (#OAFLA) _AfricanUnion. OAFLA’s theme this year is Transforming Africa through Prioritizing Children, Adolescents and Mothers in the Fight against HIV. pic.twitter.com/hTHNau7FLh— US Mission to the AU (US_AU) January 29, 2018 Photos courtesy OAFLA, FirstLadyKenya and @RAkufoAddo
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