Who Is Saudi Arabia’s Mohammed Al Amoudi? How Did He Get Richer Through Ethiopia?

Mohammed Hussein Ali Al Amoudi was born in Ethiopian but lived most of his life in Saudi Arabia. Mohammed Al Amoudi’s father is from Yemen and his mother from Ethiopia. The billionaire, now approaching his 7th decade of life, is the founder of one of Ethiopia’s largest privately owned companies,  MIDROC (Mohammed International Development Research and Organization Companies). MIDROC specializes in engineering, construction, gold mining, steel manufacturing, oil services cement production pharmaceuticals and other business areas. Mohammed Al Amoudi is considered the second richest African with a net worth of almost $10 Billion. He once said ““I have a special relationship with my birth country by investing in all of Africa: North, South, East, West.”

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Mohammed al-Amoudi

How Did He Become Richer Through Ethiopia?

Mohammed Al Amoudi’s journey to wealth began when he struck governemnt deals in oil-rich Saudi Arabia. He later progressed to investing massively in Ethiopia. Mohammed Al Amoudi now owns massive assets in Ethiopia. The New York Times once said “He Owns Much Of Ethiopia.” Just like the Chargoury’s, Mohammed Al Amoudi is a close friend of the Clintons of the USA and has heavily swindled Ethiopia out of Billions. (Read: You Cannot Investigate Corruption Without Looking At Chagoury). Through his company MIDROC, Mohammed Al Amoudi has kicked out thousands of Ethiopian locals from land spaces he never developed while he lavishes with majority of the nation’s wealth. In 2018, Al Amoudi was detained for months in Saudi Arabia for charges related to corruption. He was released with other detainees after the government of Saudi Arabia successfully received over $100 Billion from the detained elites.



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