Abu-Salman Posted November 5, 2009 [...]Al-Amoudi also revealed to the Head of State that he intended to expand the capacity of the Port Autonome International de Djibouti (PAID), and produce a new line of railway. The Saudi investor undertook the extension work that his group will initiate at the bulk terminal of the Port of Djibouti, to increase its storage capacity and bagging and reach over 30,000 tons of additional storage. Note that the bulk terminals of Djibouti has automated facilities unique in East Africa, enabling him to hoist the International Autonomous Port of Djibouti to the 1st row of ports in the region, and combine performance and competitiveness through optimization methods and mechanized unloading structures. Note also that Al-Amoudi Group operates, on behalf of Saudi Arabia, a large parcel of agricultural land in Ethiopia, where harvesting will be channeled through the bulk terminal of Djibouti. The initiation of this new agricultural policy of Saudi Arabia requires him to establish an active partnership between the Kingdom and countries of the region. A conference on this partnership will bring together the countries of East Africa and Saudi Arabia, Jeddah, 14, 15 and 16 November. Finally, remember that Sheikh Muhammad Husayn al-Amoudi, 63, appears in the 77th position among the richest men in the world prepared by Forbes magazine, with a personal fortune estimated at 9 billion dollars (ADI) ............................................................................ Also, came accross this: Djibouti: overview (the 2009 Budget at $400 millions has almost tripled in a decade, thanks partly to enhanced tax collection) Quote Share this post Link to post Share on other sites
