Interestingly, he supplies coffee [ ing and energy companies, so is known for ; Home - Mohammed Hussein Al Amoudi Authorized & Officia . Such questions continue to swirl as al Amoudi’s fate in the Ha’ir Prisons, just south of Riyadh, remains unknown, now more than a year after what amounts to his kidnapping and incarceration. Sheikh Mohammed Hussein Ali Al-Amoudi (amharique : ሞሐመድ አልዐሙዲ, arabe : محمد حسين العمودي), né en 1946 à Dessie en Éthiopie, est un homme d'affaires éthiopien (et naturalisé saoudien) résidant à Djeddah.Il possède la 43 e plus grande fortune mondiale en 2009 selon le magazine Forbes [1], la 61 e en 2013 et la 80 e en 2014 [2]. Ethiopian-born Saudi billionaire Mohammed Al-Amoudi is among dozens of investors who have had their land leases in Addis Ababa … 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. [52] They have eight children. Now in his 14th month of detention, Al Amoudi has not appeared in Court. WASHINGTON - Sheikh Mohammed Hussein al-Amoudi is a billionaire, and by most estimates, one of the richest African-born people in the world. His businesses remain independently managed and continue to follow the vision and strategy laid out by Mohammed. He has met with his senior management and other business associates. 24 check-ins. [37][38] He funded a breast cancer research centre at King Abdulaziz University. Omar Abdulrahman Ahmed Al Raqi Al Amoudi - Profil, statistiques, histoire :: Live Soccer TV [22] In March 2011, Saudi Star announced a further investment of $2.5 billion in Ethiopian rice projects. Dr. Arega has been the third powerful person in the MIDROC Technology Group management ladder. Mohammed Hussein Ali Al-'Amoudi (Amharic: ሙሀመድ አልዐሙዲ, Arabic: محمد حسين علي العمودي‎) is an Ethiopian-Saudi billionaire businessman. He was born in Ethiopia in 1946 to a Yemeni father and an Ethiopian mother. ", "Factbox: Saudi Arabia detains princes, ministers in anti-corruption probe", "Saudi Arabia arrests 11 princes, 38 ministers in corruption probe", "Saudi Arabia princes detained, ministers dismissed", "Future Saudi king tightens grip on power with arrests including Prince Alwaleed", "Billionaire Saudi Prince Alwaleed Bin Talal arrested in corruption crackdown", "Saudi Princes, Former Ministers Arrested in Apparent Power Consolidation", "Saudi Arabia Arrests 11 Princes, Including Billionaire Alwaleed bin Talal", "Official Web Site - Sheikh Al Amoudi | Authorized & Official", "Fact-checking donations to the Clinton foundation", "allAfrica.com: Rwanda: Challenge Cup Preps on Course - Musonye", "Ethiopia Football: Can Giuseppe Dossena end Saint George's Misery? He works closely with the TPLF oligarchy that granted him thousands of hectares of agricultural land and several prime plots in the capital Addis Ababa. [50], Al Amoudi was honoured for his achievements in economics and philanthropy at the 19th Arab Economic Forum Summit in 2011, with special reference to his commitment to sustainable development.[51]. He began making money with construction projects in … M. Brisard had made serious and unwarranted allegations concerning engagement in the funding of terrorism in the wake of 9/11 but had subsequently apologised for the accusation. Sheik Mohammed Al Amoudi is in 65th place, with recorded net worth of $13.5 billion. [15], He owns 70% of National Oil Ethiopia, which competes with YBF, TAF OIL and five other companies in the national petrol market[16] and is establishing a steel plant (Tossa) in Amhara. [1] He was also listed as Ethiopia's richest man, the second richest Saudi Arabian citizen in the world and the second richest person of African descent in the world. [46] In January 2017, The Sheikh Mohammed Hussein Ali Al-Amoudi Stadium was opened. [25], Al Amoudi also owns land used to produce coffee. His businesses include MIDROC Ethiopia, MIDROC Europe and Preem Petroleum amongst others. [5], 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. Amoudi was detained at Riyadh’s … now the Second Hijra will be when Al Amoudi tell those 38 billion to come to Ethiopia this means 3 trillion dollar in flow. In 2011, he pledged 100 million Ethiopian birr for a stadium and access road in Mek'ele. Economic profiteering fuelling war in Yemen: UN, Iraq: Anbar’s post-ISIL reconstruction spawns autonomy debate, Fight against extreme poverty helps 92 million people: World Bank, Fish on ships: Frozen imports pile up in globally key China port, Israel military revising operational plans against Iran: General, US judge blocks Biden’s 100-day freeze on deportations, ‘Psychological war’: Iran dismisses Israel military action threat, Eritrean forces should leave Ethiopia’s Tigray immediately: US, Al Jazeera Centre for Public Liberties & Human Rights. Mohammed Al-Amoudis international spokesperson Tim Pendry a brief statement on the Al-Amoudis website. He owns much of Ethiopia. [43] He also supports Ethiopian Premier League Club Saint George S.C.[44] and covered the medical expenses of one of Ethiopia's most celebrated footballers, Mengistu Worku,[45] before his death in December 2010. Sheik Mohamed Al Amoudi Arrest in Saudia and its Implications to Ethiopia. Mohammed Hussein Ali Al-'Amoudi (Amharic: ሙሀመድ አልዐሙዲ, Arabic: محمد حسين علي العمودي‎) is an Ethiopian-Saudi billionaire businessman. Last week Bloomberg reported that Al Amoudi will be facing trial in a Saudi court on a date yet to be confirmed. Amoudi was detained at Riyadh’s Ritz-Carlton hotel in November 2017 along with dozens of princes, officials and businessmen after MBS launched his so-called “anti-corruption purge”. [19], The Al Amoudi-owned Saudi Star Agricultural Development Plc plans to develop up to 500,000 hectares (1,200,000 acres) of Ethiopian land for sugar, edible oil, and grain production. He is reported to have donated between US$5m and US$10m to the foundation. [42], Al Amoudi sponsored the CECAFA Cup, Africa's oldest football cup competition, in 2005 and 2006, the tournament was named the Al Amoudi Senior Challenge Cup as a result in those years. Al Amoudi was born in the north-central Ethiopian city of Dessie and brought up in the nearby town of Weldiya. In 2016, his net worth was estimated by Forbesat 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. However, his businesses in Ethiopia have faced challenges recently. His business activities concentrate on oil and diverse investments in Ethiopia, Morocco, Sweden and West Africa. The Saudi tyrant Prince Salman demands several billions of Al Amoudi’s money including some jail time. Amoudi, who was born in Ethiopia to a Yemeni father and an Ethiopian mother, owns a broad portfolio of businesses in construction, energy, agriculture, mining, hotels, healthcare and manufacturing. In 2013, Al Amoudi has added one billion to his wealth, according to Forbes List. But the gilded life of Sheikh Mohammed Hussein Al Amoudi took a sharp turn in November. Mohammed Hussein Al Amoudi is a globally successful international entrepreneur, businessman and philanthropist. He employs over 70,000 people through these companies. [19] His major cement plant near Chancho was backed in part by the World Bank's International Finance Corporation. However, his businesses in Ethiopia have faced challenges recently. Price Range $$$$ Page Transparency See More. Since his arrest, Al Amoudi’s net worth has climbed by six percent, according to the Index. [27], In September 2011, in response to an appeal from Prime Minister Meles Zenawi for popular support for the financing of the Renaissance Dam in North West Ethiopia which will triple the country's hydro-electric power, Al Amoudi pledged a donation of 1.5bn birr (around US$88m).[28]. This latter is Ethiopia's first industrial steel production plant and in intended to meet a major increase in domestic demand, estimated to rise from 1.2m tonnes to 3.1m tonnes per annum between 2011 and 2014. [29][30][31][32][33][34][35][36] Al-Amoudi had not been seen since his arrest and captivity. A family office spokesman told Reuters that Amoudi had returned to his home in the western city of Jeddah. He began investing in Sweden in the 1970s and now has interests across Saudi Arabia and Ethiopia. Mohammed Al-Amoudi. About See All. Experts have noted that the arrests were a way for MBS to consolidate economic, as well as political, power in Saudi Arabia. [1], Al Amoudi owns a broad portfolio of businesses in construction, energy, agriculture, mining, hotels, healthcare and manufacturing amongst others. MIDROC acquired Yanbu Steel in Saudi Arabia in 2000. In the end, Al Amoudi milked our country on profit-sharing deal with Tplf, goes back to his country. He was also listed as Ethiopia's richest man, the second richest Saudi Arabian citizen in the world and the second richest pers… ", "Ethiopia Football: Legendary Player & Coach Mengistu Worku returns home", "Ethiopia Football: Sheikh Al Amoudi donates 100 million birr for Mekelle Stadium & road project", "Sheikh Mohammed Al-Amoudi Stadium to be Inaugurated on January 14", "Ethiopian billionaire wins libel action in UK", "Count the readers before suing for internet libel", "Saudi Investor Honored At Economic Forum | MIDROC Ethiopia Technology Group", "allAfrica.com: Ethiopia: Midroc Replaces Shimeles", https://en.wikipedia.org/w/index.php?title=Mohammed_Hussein_Al_Amoudi&oldid=994541549, Saudi Arabian people of Ethiopian descent, Articles with dead external links from August 2015, BLP articles lacking sources from August 2015, Wikipedia articles with possible conflicts of interest from January 2012, Articles with multiple maintenance issues, Articles containing Amharic-language text, Creative Commons Attribution-ShareAlike License, This page was last edited on 16 December 2020, at 06:54. Now in his 14th month of detention, Al Amoudi has not appeared in Court. Last week Bloomberg reported that Al Amoudi will be facing trial in a Saudi court on a date yet to be confirmed. Since his arrest, Al Amoudi’s net worth has climbed by six percent, according to the Index. While most of those others targeted have been released – apparently having paid the hefty fine, or is it a ransom of 70% of their assets – al Amoudi remains either imprisoned, or as some suggest – dead as … Prior to being the president of the Saudi Ports Authority, Amoudi held various posts at state oil giant Saudi Aramco. He has shown a particular commitment to Saudi Arabia, to Africa and to Sweden. [20][21] In July 2011, it was announced that the Ethiopian Electric Power Company [EEPco] would provide the Derba cement plant with 50 MW of electricity. [48] He is married to Soniat Saleh Selassie Al Amoudi, an Ethiopian and shareholder of MIDROC Construction. He now has business interests there, largely operated through MIDROC Ethiopia which was created in 1994. Saudi-Ethiopian billionaire Mohammed Al Amoudi is in the custody of authorities and has been charged with corruption and bribery, a Saudi official said on Thursday — more than a year after the tycoon was held in the kingdom’s controversial anti-corruption campaign. Al Amoudi is the third-richest billionaire in the Middle East, with a fortune valued at $8.8 billion, according to data compiled by Bloomberg. His philanthropic endeavours have focused among other causes on health and sports, including funding for a breast cancer research centre at a university in Saudi Arabia. [11], He has gold mining interests in Ethiopia[12][13] and it is reported that MIDROC Gold Mine (a subsidiary of MIDROC Ethiopia) has paid the Ethiopian Government 100.1 million birr in royalties, the largest contribution of any mining company. Even after 9-11 when the al Amoudi – Bin Laden – al Qaeda link was exposed, al Amoudi (and bin Mahfouz) continued on their merry way collaborating – along with key elements of the George W. Bush administration in Central Asia. ”He (Al-Amoudi) live and have health, his life is comfortable, he is not in prison as the said word of mouth. [7], 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[8][9] 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. Community See All. [10], Al Amoudi has invested in Ethiopia since the mid-1980s. Ethiopian Prime Minister Abiy Ahmed confirmed Amoudi’s release on Twitter on Sunday, saying he had raised the issue with Crown Prince Mohammed bin Salman (MBS) during a trip to Riyadh last May. In 2011 it made 1.4bn birr (US$70m) of profits. [39], In 2008, Al Amoudi funded King Saud University's an enhanced oil recovery research chair. The Court of Appeal has rejected a couple's claim that Sara Al Amoudi, who claims she is the 33-year-old daughter of a Saudi billionaire, duped them into signing over six flats in London’s West End. This website … [41], Al Amoudi was named as one of the William J. Clinton Foundation Donors, according to information released as part of an obligation placed on former President Clinton when he supported Hillary Clinton's nomination as Secretary of State. According to Forbes, as at 2016, his net worth was approximately $10.9 billion. [1], It may require cleanup to comply with Wikipedia's content policies, particularly, Learn how and when to remove these template messages, Learn how and when to remove this template message, "Home - Sheikh Al Amoudi | Authorized & Official", "Yanbu Steel Company | Business Excellence Magazine", "KSU mobilizes $500 million for new car company", "Midroc to Get 55% of Saudi Car Plant for $275 Million, SPA Says - Bloomberg Business", "Ethiopia Earns $71.1 Million From Leather Exports", "Ethiopia Aiming to License 50 Mineral Projects Every Year - Bloomberg Business", https://web.archive.org/web/20111103195730/http://www.addisfortune.com/Bidding%20for%201.3m%20tones%20Steel%20Factory%20Sees%20Nine%20Interest.htm, https://web.archive.org/web/20110211104613/http://www.addisfortune.com/Al-Amoudi%E2%80%99s%20Horizon%20Acquires%20Matador-ATC%E2%80%99s%2069pc%20for%20%2418m.htm, "Ethiopian Cement Plants to Double Capacity Amid Building Boom - Bloomberg Business", "Al-Amoudi to invest $2.5b in Ethiopia farm | Business", "Saudi Billionaire Invests in Ethiopian Farms, Fortune Reports", "Ethiopia pledges to work closely with the Kingdom in manpower sector - Arab News", "Ethiopia's Challenge: Balancing Agriculture with Environmental Protection | NewBusinessEthiopia", "Ethiopia: Al-Amoudi pledges 1.5 Billion Br. He began investing in Sweden in the 1970s and now has interests across Saudi Arabia and Ethiopia. [23] Some 10,000 hectares have been taken up in 60-year leases and the company plans to rent an additional 290,000 hectares. Saad bin Moqbil Almaimooni was appointed as governor of Taif. He is fascinated by the space, and he dreams of sending an Ethiopian in the space! [2] 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. Sheikh Amoudi, the gregarious 71-year-old son of a Yemeni businessman and his Ethiopian wife, was swept up with hundreds of […] During Al Amoudi’s long detention, rumors spread among Saudi Arabia’s business elite that he […] It is unclear how much, if any, of Amoudi’s wealth he may have handed over to the state in exchange for his release. He is in good health and was not mistreated. 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