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. He was born to a father of Hadhrami Yemeni origin and an Ethiopian mother of Wollo Amhara descent. Forbes downgraded his net worth earlier this month to $1.2bn “due to a lack of clarity about which assets he still owns”. On 4 November 2017, Mohammed Hussein Al Amoudi was arrested upon the orders of Crown Prince Mohammad Bin Salman (MBS) and held captive in Saudi Arabia in a "corruption crackdown" conducted by Mohammed Bin Salman's "royal anti-corruption" committee. This website … Now in his 14th month of detention, Al Amoudi has not appeared in Court. [10], Al Amoudi has invested in Ethiopia since the mid-1980s. 272 people follow this. [49], Al Amoudi has been ranked among the 100 richest people by Forbes since 2006, being ranking 82nd on the list in 2015. [39], In 2008, Al Amoudi funded King Saud University's an enhanced oil recovery research chair. Experts have noted that the arrests were a way for MBS to consolidate economic, as well as political, power in Saudi Arabia. Now, at last, comes the answer. In 2011, he pledged 100 million Ethiopian birr for a stadium and access road in Mek'ele. He began investing in Sweden in the 1970s and now has interests across Saudi Arabia and Ethiopia. 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]. [17], In February 2011, Al Amoudi acquired 69% of Ethiopia's sole tyre manufacturer Addis Tyre[18] and he has a substantial investment in cement production through Durba Midroc which was founded in 2008. Mohammed Hussein Al Amoudi is a globally successful international entrepreneur, businessman and philanthropist. Al Amoudi, the Taliban, and The Strategy of the Silk Road… That isn’t the end of it by a long shot. ", "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. He is the largest individual foreign investor in Ethiopia and a major investor in Sweden. It is unclear how much, if any, of Amoudi’s wealth he may have handed over to the state in exchange for his release. According to a Forbes report last year, his net worth was estimated to be $10.9bn. Al-Amoudis relatives have been knäpptysta and the information from the companies he runs have been scant. He was born in Ethiopia in 1946 to a Yemeni father and an Ethiopian mother. 264 people like this. Prior to being the president of the Saudi Ports Authority, Amoudi held various posts at state oil giant Saudi Aramco. Allegations against those detained included money laundering, bribery, and extorting officials. Amoudi replaces Sulaiman al-Hamdan, who has been named as the minister for civil service. [29][30][31][32][33][34][35][36] Al-Amoudi had not been seen since his arrest and captivity. About See All. He owns much of Ethiopia. Last week Bloomberg reported that Al Amoudi will be facing trial in a Saudi court on a date yet to be confirmed. [14] Midroc Gold is Ethiopia's sole gold exporter. 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 businesses remain independently managed and continue to follow the vision and strategy laid out by Mohammed. He has shown a particular commitment to Saudi Arabia, to Africa and to Sweden. Mohammed Hussein Ali Al-'Amoudi (Amharic: ሙሀመድ አልዐሙዲ, Arabic: محمد حسين علي العمودي‎) is an Ethiopian-Saudi billionaire businessman. Saad bin Moqbil Almaimooni was appointed as governor of Taif. 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. His businesses include MIDROC Ethiopia, MIDROC Europe and Preem Petroleum amongst others. But the gilded life of Sheikh Mohammed Hussein Al Amoudi took a sharp turn in November. Saudi Arabia has freed Saudi-Ethiopian billionaire Mohammed al-Amoudi, more than a year after the tycoon was detained under the kingdom’s controversial anti-corruption campaign. 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 … He was also listed as Ethiopia's richest man, the second richest Saudi Arabian citizen in the world and the second richest pers… [3] Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. The letter sent to Dr. Arega alleges that he “is reluctant to make major decisions” and, that is creating constant disagreement with the owner of the company. [52] They have eight children. arafat (7,408.14 mi) Riyadh, Saudi Arabia, Get Directions +966 50 228 8698. [48] He is married to Soniat Saleh Selassie Al Amoudi, an Ethiopian and shareholder of MIDROC Construction. 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. A family office spokesman told Reuters that Amoudi had returned to his home in the western city of Jeddah. Al Amoudi knew enough of vice to silence every community leader by handing out fat cash. 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. In the end, Al Amoudi milked our country on profit-sharing deal with Tplf, goes back to his country. Price Range $$$$ Page Transparency See More. Ethioash, You got it! [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. Interestingly, he supplies coffee [ ing and energy companies, so is known for ; Home - Mohammed Hussein Al Amoudi Authorized & Officia . 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. He is the largest investor in Ethiopia individually. 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. Sheik Al-Amoudi appeared on the seen in 1991 when Eritrea achieved independence and when Eritrea handed Tigray Peoples Liberation Front … Saudi Arabia’s Attorney General Sheikh Saud al-Mojeb said last January that the kingdom had seized more than $100bn in anti-corruption settlements. [1] He grew up in Ethiopia, before emigrating to Saudi Arabia with his brother Mauricet and becoming a Saudi citizen. He supplies coffee to Starbucks. Mohammed Al-Amoudi. He is in good health and was not mistreated. Ms Ali, who is originally Ethiopian but now works in Battersea, claims to have met Al Amoudi in 1985. [25], Al Amoudi also owns land used to produce coffee. 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. The Saudi authorities did not immediately respond to a request for comment. A family office spokesman told Reuters that Amoudi had returned to his home in the western city of Jeddah. [48], The Ethiopian Review had also repeated unwarranted material relating to his family and to matters previously dealt with in the Al Amoudi v. Brisard case of 2005. [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. Among those transferred to the maximum security prison is Mohammed Hussein Al-Amoudi whose worth is 10.6 Billion dollars and owns businesses in hundreds of millions of dollars in Ethiopia. Ethiopian Prime Minister Abiy Ahmed had tried to secure his release, but was unsuccessful. [19] His major cement plant near Chancho was backed in part by the World Bank's International Finance Corporation. Al-Amoudi Trading Est. [23] Some 10,000 hectares have been taken up in 60-year leases and the company plans to rent an additional 290,000 hectares. Though now a Saudi citizen, Al-Amoudi still has close ties to Ethiopia through his company consortium Mohammed International Development Research and Organization Companies (MIDROC). for Renaissance dam » Ethiopian News - Everything that Happens! He began investing in Sweden in the 1970s and now has interests across Saudi Arabia and Ethiopia. Local Business. Sheikh Amoudi, the gregarious 71-year-old son of a Yemeni businessman and his Ethiopian wife, was swept up with hundreds of […] Amanuel Biedemariam Over the years, particularly from 1991 until now, one of the key players that helped shape the political dynamics of the region is Mohammad al-Amoudi. [40] He also fully funded the King Abdullah Institute for Nanotechnology at King Saud University. [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. Local Business in Riyadh, Saudi Arabia. Guess what? He is reported to have donated between US$5m and US$10m to the foundation. [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. He later progressed to investing massively in Ethiopia. Last week Bloomberg reported that Al Amoudi will be facing trial in a Saudi court on a date yet to be confirmed. [47], In December 2010 Al Amoudi initiated a claim in the English High Court against Elias Kifle of the Washington, D.C.-based Ethiopian Review claiming damages for libel. However, his businesses in Ethiopia have faced challenges recently. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother, has accumulated a portfolio of construction, agriculture, and energy companies across Sweden, Saudi Arabia and Ethiopia. Amoudi was detained at Riyadh’s … Mohammed Al Amoudi now owns massive assets in Ethiopia. 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. The judge found the statements to be untrue and stated that Al Amoudi "is implacably opposed to terrorism in all its forms”. Mohammed Al-Amoudis international spokesperson Tim Pendry a brief statement on the Al-Amoudis website. 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. He now has business interests there, largely operated through MIDROC Ethiopia which was created in 1994. [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]. Zhang Zhidong – Family, Family Tree. Agazy November 9, 2017 at 12:18 PM. [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. WASHINGTON - Sheikh Mohammed Hussein al-Amoudi is a billionaire, and by most estimates, one of the richest African-born people in the world. 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. The tycoon, who had a net worth estimated to be $10.9bn, was detained as part of ‘anti-corruption purge’ in 2017. Now in his 14th month of detention, Al Amoudi has not appeared in Court. Mohammed Hussein Al Amoudi is a globally successful international entrepreneur, businessman and philanthropist. And he is known as “Sheikh Mo” in the Clintons’ circle. He hit the jackpot with gold in Ethiopia and has been mining gold for … [26] In 2011, he donated 10 million birr (US$500k) to the proposed Ethiopian National Coffee Museum in Ethiopia's Kaffa Zone. [46] In January 2017, The Sheikh Mohammed Hussein Ali Al-Amoudi Stadium was opened. ”He (Al-Amoudi) live and have health, his life is comfortable, he is not in prison as the said word of mouth. ", "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? Of the 2,295 hectares (5,670 acres) of land acquired by Ethio Agri-CEFT (which he owns) in the Sheka Zone of Ethiopia, it has only covered 1,010 hectares with coffee and shade trees, with the rest remaining as natural vegetation. [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. Al Amoudi was born in the north-central Ethiopian city of Dessie and brought up in the nearby town of Weldiya. He has met with his senior management and other business associates. Al-Amoudi was … He employs over 70,000 people through these companies. [6] His Addis Ababa Sheraton is said to be among the finest hotels in Africa. [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. now the Second Hijra will be when Al Amoudi tell those 38 billion to come to Ethiopia this means 3 trillion dollar in flow. According to the BBC, Al Amoudi splits his residence between central London, Surrey and Saudi Arabia. [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 fascinated by the space, and he dreams of sending an Ethiopian in the space! 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. 5 out of 5 stars. [22] The company had reportedly purchased $80 million in equipment from Caterpillar Inc.[24], In August 2011, President Girma Wolde-Giorgis of Ethiopia stated that “a substantial investment in agricultural development was key to improving the quality of life across Africa” and that Saudi Star's investment programme would benefit both Ethiopia and its important trading partner, Saudi Arabia. [4], 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. Finally, he was released on January 27, 2019 after 14 months of detention. In 2013, Al Amoudi has added one billion to his wealth, according to Forbes List. Amoudi’s release follows that of several other businessmen last week and comes after the kingdom suffered a global backlash over the murder of journalist Jamal Khashoggi and the reported torture of women activists. He began making money with construction projects in … Saudi Arabia will soon release Mohammed Hussein Al Amoudi, an Ethiopian-born Saudi billionaire arrested in November during a crackdown on corruption, Ethiopia’s prime minister said. The crackdown was in response to “exploitation by some of the weak souls who have put their own interests above the public interest, in order to illicitly accrue money,” a royal decree at the time said. [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. Sulaiman Abdulfattah bin Sulaiman Mashat was appointed as deputy minister of Hajj and Umrah. A self-made billionaire, Mohammed Al Amoudi has a portfolio ranging from energy and construction to agriculture. In 2011 it made 1.4bn birr (US$70m) of profits. Mohammed Hussein Ali Al-'Amoudi (Amharic: ሙሀመድ አልዐሙዲ, Arabic: محمد حسين علي العمودي‎) is an Ethiopian-Saudi billionaire businessman. [47] The Stadium reportedly cost more than $22 million, and took four and a half years to complete. He has shown a particular commitment to Saudi Arabia, to Africa and to Sweden. Community See All. Mohammed Al Amoudi’s journey to wealth began when he struck governemnt deals in oil-rich Saudi Arabia. Sheik Mohamed Al Amoudi Arrest in Saudia and its Implications to Ethiopia. Al Amoudi is an Ethiopian – born business man who holds both Saudi and Ethiopian nationality. [22] In March 2011, Saudi Star announced a further investment of $2.5 billion in Ethiopian rice projects. However, his businesses in Ethiopia have faced challenges recently. During Al Amoudi’s long detention, rumors spread among Saudi Arabia’s business elite that he […] Dr. Arega has been the third powerful person in the MIDROC Technology Group management ladder. Mohammed Al Amoudi has been released from detention and is now in Jeddah with his family. His business activities concentrate on oil and diverse investments in Ethiopia, Morocco, Sweden and West Africa. [37][38] He funded a breast cancer research centre at King Abdulaziz University. Isam bin Hamad bin Ali … [1] He was awarded an honorary doctorate from Addis Ababa University and has been honoured with the Order of the Polar Star by King Carl XVI Gustaf of Sweden. 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”. According to Forbes, as at 2016, his net worth was approximately $10.9 billion. His philanthropy has been focused strongly on education, training and healthcare in Ethiopia. Al Amoudi, is "still alive" and will stand trial at some point for corruption and bribery, according to a Saudi official, who asked not to be identified. He was born in Ethiopia in 1946 to a Hadhrami father and an Ethiopian mother. In July 2011 Kifle was ordered to pay £175,000 in damages for publishing false information. 5. Sheik Mohammed Al Amoudi is in 65th place, with recorded net worth of $13.5 billion. 24 check-ins. [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. [1], Al Amoudi owns a broad portfolio of businesses in construction, energy, agriculture, mining, hotels, healthcare and manufacturing amongst others. Omar Abdulrahman Ahmed Al Raqi Al Amoudi - Profil, statistiques, histoire :: Live Soccer TV Not Now. The Saudi tyrant Prince Salman demands several billions of Al Amoudi’s money including some jail time. Al Amoudi has committed funds to support healthcare and sport in Saudi Arabia, the US, Europe and Africa. His businesses include MIDROC Ethiopia, MIDROC Europe and Preem Petroleum amongst others. Most were freed after reaching settlement deals with the government, including Saudi businessman and billionaire Prince Alwaleed bin Talal. [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. Since his arrest, Al Amoudi’s net worth has climbed by six percent, according to the Index. 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. Since his arrest, Al Amoudi’s net worth has climbed by six percent, according to the Index. MIDROC acquired Yanbu Steel in Saudi Arabia in 2000. Landscape in the environs of Addis Ababa, Ethiopia. Its Lega Dembi mine has a yearly average production of around 4,500 kg of gold and silver. He began making money with construction projects in Saudi Arabia. Ethiopian-born Saudi billionaire Mohammed Al-Amoudi is among dozens of investors who have had their land leases in Addis Ababa … 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. Al Amoudi informed Dr. Arega of his decision that he is relieved of his duty as of April 27, 2020, through a letter. [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]. Mr. Al Amoudi’s net worth as listed on Forbes: 2004 = $1.4 billion Environs of Addis Ababa, Ethiopia [ 38 ] he funded a breast cancer research centre at Saud. He was released on January 27, 2019 after 14 months of.... Ethiopia and a half years to complete 37 ] [ 38 ] he reported!, and took four and a half years to complete his 14th month of detention Prince! And Africa and Africa terrorism in all its forms ” in 2000 and diverse investments in Ethiopia faced! For a Stadium and access road in Mek'ele hectares have been taken up the! Billionaire, mohammed Al Amoudi will be facing trial in a Saudi.! Be among the finest hotels in Africa between central London, Surrey and Saudi Arabia ’ s net has! 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