Sheik Mohammed Hussein Al-Amoudi
Sheik Mohammed Hussein Al-Amoudi is a self-made Ethiopian-born billionaire with a passion to develop Ethiopia, as well as a mandate from King Abdullah bin Abdulaziz Al Saud to help feed the people of Saudi Arabia.
And he’s set to do both.
He has already invested around $2 billion in 30 Ethiopian companies, and his Saudi Star Agricultural Development Plc, which began its agricultural activities in 2010 with a sixty-year lease over 10,000 hectares in far-west Ethiopia, intends to expand its rice-farming operation to 300,000 hectares, investing $2.5 billion, employing 250,000 people, and producing 1.5 million tonnes of rice per annum by 2020. Forty per cent of its production will remain in Ethiopia: the rest will go to Saudi Arabia.
"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"
Sheikh Al Amoudi makes significant drought relief donations of grain and animal feed #Oromia and Ethiopian Somalia https://t.co/RqzrTjxlUk— Mohammed H Al Amoudi (@shmhalamoudi) May 4, 2017
Sheikh Al Amoudi and family offer condolences and give donation after #Koshe disaster in Addis Ababa - https://t.co/FKjtlZ2gbB #Ethiopia— Mohammed H Al Amoudi (@shmhalamoudi) March 24, 2017
Sheikh Mohammed: Patron of Fifth #Africa #Business Forum in Addis - https://t.co/R5kwPYOkAN— Mohammed H Al Amoudi (@shmhalamoudi) March 2, 2017