One of Africas Richest Men Sheikh Mohammed al-Amoudi - Ethiopian/Yemen Mix

Hilmaam

Hilmaam

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Mohammed Hussein Ali Al-'Amoudi (Arabic: محمد حسين علي العمودي; born 1946) is an Ethiopian billionaire businessman. He was born in Ethiopia at 1946 to a Yemeni father from Hadhramaut and Ethiopian mother in Amhara Region, Ethiopia.

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.[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.[2] 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.[1]

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Nin123

Nin123

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Hilmaam said:
Mohammed Hussein Ali Al-'Amoudi (Arabic: محمد حسين علي العمودي; born 1946) is an Ethiopian billionaire businessman. He was born in Ethiopia at 1946 to a Yemeni father from Hadhramaut and Ethiopian mother in Amhara Region, Ethiopia.

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.[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.[2] 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.[1]

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He kinda looks like the Djibouti president 😂 although less fatter
 
Hilmaam

Hilmaam

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Agriculture[edit]​

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.[22] In March 2011, Saudi Star announced a further investment of $2.5 billion in Ethiopian rice projects.[23] Some 10,000 hectares have been taken up in 60-year leases and the company plans to rent an additional 290,000 hectares.[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.[25]

Al Amoudi also owns land used to produce coffee. 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.[26] In 2011, he donated 10 million birr (US$500k) to the proposed Ethiopian National Coffee Museum in Ethiopia's Kaffa Zone.[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).
 
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