Mohammed al amoudi ethiopia

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  • 7 companies owned by Ethiopia’s richest man, Mohammed Al-Amoudi

    Mohammed Al-Amoudi, the visionary founder of Ethiopia-based Midroc Gold, continues to make waves in the business landscape, solidifying his position as the richest man in Ethiopia and setting an example for entrepreneurs across the continent.

    Al-Amoudi’s journey to success began in the mid-1980s when he secured a monumental contract to construct Saudi Arabia’s extensive underground oil storage complex, valued at approximately $30 billion in 1988.

    Since then, he has established his presence in various sectors, including mining, agriculture, energy, and construction.

    As a leading figure in the Middle East and Africa, Al-Amoudi’s fortune is derived from diverse business ventures across multiple countries.

    His conglomerate holdings, Corral Petroleum Holdings and MIDROC, manage his vast industrial assets and play a pivotal role in his financial prosperity.

    As one of the largest investors in Sweden, Al-Amoudi owns Preem,