Sheikh Mohammed Hussien Ali Al-Amoudi’s Investment in Ethiopia

Sheikh Mohammed Hussien Ali Al-Amoudi’s Investment in Ethiopia

Sheikh Mohammed Hussien Ali Al-Amoudi appeared in the economic scene of his motherland, Ethiopia, at a time when the country was in an exuberant need of support. He did not wait for the creation of an “enabling environment” which all private foreign investors expect to prevail in any country before moving in. He had to respond to the call of his Motherland – Ethiopia as immediately as the circumstances then demanded.
He decided to contribute to the revitalization and development effort through investing capital in various sectors of the country’s economy. His investments, which have significant contributions to the foreign direct investments (FDI) in Ethiopia, have started to bear fruits. All his investment decisions are reflections of his resolute commitment to the development of the economy and the well-being of Ethiopia and its people.
In this regard, it will be proper to quote the remarks he made a few years ago:
“Ethiopia means so much to me that even my friends wonder about my investment decisions in the country. When I invest in Ethiopia, my decisions to invest are based on what I feel in my heart for my motherland. All my other investment decisions in the rest of the world are based on calculated risks and benefits.
… Ethiopia is our soul and the essence of our existence. We should not expect others to transform our motherland into a developed and a prosperous country. It is our national duty and solemn responsibility, to fully commit ourselves to develop Ethiopia and free our countrymen from the shackles of abject poverty and under-development.”
Cognizant of the increasing volume of his investment in Ethiopia since 1991, Sheikh Mohammed Hussien Ali Al-Amoudi decided to establish MIDROC Ethiopia, in 1996, under the motto of “Committed to Development” – a flagship of his dedication and continued commitment. In order to realize this commitment, the following sets of strategic objectives were designed.
Strategic Objectives
The strategic directions of MIDROC Ethiopia’s engagement in the country’s development include, among others, the following:-
 to invest in the agricultural and agro-industrial sector with emphasis to further develop the sectors and enhance their efficiency and export earning capacities,
 to invest in the exploration, development and marketing of the country’s mining resources,
 to invest in, develop and expand the manufacturing and service industries that enhance the economic competitiveness of Ethiopia and add value to local based resources,
 to undertake projects and invest in the development of the basic infrastructure in Ethiopia, like in the health services, education & training, transport, etc..
 to invest in the development of the tourism industry in Ethiopia capitalizing on the tourism potentials in the sub-region,
 to invest and actively participate in the development and the rational utilization of the country’s natural resources,
 to construct, buy, lease, sell and administer real estates including apartments, multi-purpose buildings and structures.
These strategic objectives are implemented through companies that constitute MIDROC Ethiopia. To date MIDROC Ethiopia has about 80 group and affiliate companies operating in agriculture & agro-industry, construction, hotel & tourism, manufacturing, mining, oil & gas distribution, real estate development, transport (including air transport), trade & commerce, healthcare and education & training businesses. The companies retain and develop their own identities and business ideas but can work, cooperate and support each other.
MIDROC Ethiopia is the leading private investment Group engaged in multifaceted investment undertakings that have proved to make meaningful contributions to the development of the country’s economy.
The significant employment opportunity created in tens of thousands by the MIDROC Ethiopia Group Companies is among the notable derivatives of Sheikh Mohammed Hussien Ali Al-Amoudi’s investment endeavor.