Sheik Mohamed Al Amoudi Arrest in Saudia and its Implications to Ethiopia. He supplies coffee to Starbucks. Saudi Arabia’s Attorney General Sheikh Saud al-Mojeb said last January that the kingdom had seized more than $100bn in anti-corruption settlements. now the Second Hijra will be when Al Amoudi tell those 38 billion to come to Ethiopia this means 3 trillion dollar in flow.  He also fully funded the King Abdullah Institute for Nanotechnology at King Saud University. 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. 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”. , 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. Al Amoudi knew enough of vice to silence every community leader by handing out fat cash. , 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. Al Amoudi informed Dr. Arega of his decision that he is relieved of his duty as of April 27, 2020, through a letter.  He is married to Soniat Saleh Selassie Al Amoudi, an Ethiopian and shareholder of MIDROC Construction. Last week Bloomberg reported that Al Amoudi will be facing trial in a Saudi court on a date yet to be confirmed.  In 2011, he donated 10 million birr (US$500k) to the proposed Ethiopian National Coffee Museum in Ethiopia's Kaffa Zone. Its Lega Dembi mine has a yearly average production of around 4,500 kg of gold and silver. 272 people follow this. WASHINGTON - Sheikh Mohammed Hussein al-Amoudi is a billionaire, and by most estimates, one of the richest African-born people in the world. Forbes downgraded his net worth earlier this month to $1.2bn “due to a lack of clarity about which assets he still owns”. Now in his 14th month of detention, Al Amoudi has not appeared in Court. , 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. ", "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. , 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.. Mohammed Hussein Al Amoudi is a globally successful international entrepreneur, businessman and philanthropist. Al Amoudi is an Ethiopian – born business man who holds both Saudi and Ethiopian nationality. His businesses remain independently managed and continue to follow the vision and strategy laid out by Mohammed. Ethiopian-born Saudi billionaire Mohammed Al-Amoudi is among dozens of investors who have had their land leases in Addis Ababa … for Renaissance dam » Ethiopian News - Everything that Happens! , 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. But the gilded life of Sheikh Mohammed Hussein Al Amoudi took a sharp turn in November. The Saudi tyrant Prince Salman demands several billions of Al Amoudi’s money including some jail time. 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.  Al-Amoudi had not been seen since his arrest and captivity. , 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. He employs over 70,000 people through these companies. His philanthropy has been focused strongly on education, training and healthcare in Ethiopia. This website … He was born in Ethiopia in 1946 to a Yemeni father and an Ethiopian mother. Isam bin Hamad bin Ali … However, his businesses in Ethiopia have faced challenges recently. , 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. 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.  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.  The Stadium reportedly cost more than $22 million, and took four and a half years to complete. Price Range $$$$ Page Transparency See More. Ethiopian Prime Minister Abiy Ahmed had tried to secure his release, but was unsuccessful. 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. He hit the jackpot with gold in Ethiopia and has been mining gold for … He is fascinated by the space, and he dreams of sending an Ethiopian in the space! Now, at last, comes the answer. He is reported to have donated between US$5m and US$10m to the foundation. His business activities concentrate on oil and diverse investments in Ethiopia, Morocco, Sweden and West Africa. , 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. Prior to being the president of the Saudi Ports Authority, Amoudi held various posts at state oil giant Saudi Aramco. The judge found the statements to be untrue and stated that Al Amoudi "is implacably opposed to terrorism in all its forms”. 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. Mohammed Hussein Al Amoudi is a globally successful international entrepreneur, businessman and philanthropist. Al Amoudi has committed funds to support healthcare and sport in Saudi Arabia, the US, Europe and Africa. Amoudi was detained at Riyadh’s … 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. 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.  In January 2017, The Sheikh Mohammed Hussein Ali Al-Amoudi Stadium was opened.  In March 2011, Saudi Star announced a further investment of $2.5 billion in Ethiopian rice projects. He owns much of Ethiopia. , Al Amoudi owns a broad portfolio of businesses in construction, energy, agriculture, mining, hotels, healthcare and manufacturing amongst others. He is in good health and was not mistreated. He has met with his senior management and other business associates. His businesses include MIDROC Ethiopia, MIDROC Europe and Preem Petroleum amongst others. Saad bin Moqbil Almaimooni was appointed as governor of Taif. And he is known as “Sheikh Mo” in the Clintons’ circle. Mr. Al Amoudi’s net worth as listed on Forbes: 2004 = $1.4 billion Local Business in Riyadh, Saudi Arabia.  He grew up in Ethiopia, before emigrating to Saudi Arabia with his brother Mauricet and becoming a Saudi citizen. In July 2011 Kifle was ordered to pay £175,000 in damages for publishing false information. Sheikh Amoudi, the gregarious 71-year-old son of a Yemeni businessman and his Ethiopian wife, was swept up with hundreds of […] He later progressed to investing massively in Ethiopia. Finally, he was released on January 27, 2019 after 14 months of detention. His businesses include MIDROC Ethiopia, MIDROC Europe and Preem Petroleum amongst others.  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. Local Business. , In 2008, Al Amoudi funded King Saud University's an enhanced oil recovery research chair. According to the BBC, Al Amoudi splits his residence between central London, Surrey and Saudi Arabia. Omar Abdulrahman Ahmed Al Raqi Al Amoudi - Profil, statistiques, histoire :: Live Soccer TV Mohammed Hussein Ali Al-'Amoudi (Amharic: ሙሀመድ አልዐሙዲ, Arabic: محمد حسين علي العمودي) is an Ethiopian-Saudi billionaire businessman.  He also supports Ethiopian Premier League Club Saint George S.C. and covered the medical expenses of one of Ethiopia's most celebrated footballers, Mengistu Worku, before his death in December 2010. ", "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? 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. He was also listed as Ethiopia's richest man, the second richest Saudi Arabian citizen in the world and the second richest pers… 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). 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 … About See All. Zhang Zhidong – Family, Family Tree. Landscape in the environs of Addis Ababa, Ethiopia. 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. , Al Amoudi has invested in Ethiopia since the mid-1980s. 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