Al-Amoudi to Invest Somaliland

[Jacaylbaro]

Hargeysa (sl.no) 18 june 2008 - Wefti ka kooban shan xubnood oo uu hoggaaminayo la taliyaha iyo kaaliyaha gaarka ah ee ganacsadaha weyn ee Al-cammuudi, ayaa maanta booqasho hawleed ku yimi magaalada Hargeysa ee caasimadda Somaliland.

 

Weftigan oo uu Madaarka caalamiga ah ee Cigaal ku soo dhaweeyey Agaasimaha Wasaaradda Macdanta iyo Biyaha, ayaa sidoo kale waxa ka mid ahaa Mr. Robert J. Rossetter oo lataliyaha Guddoomiyaha shirkadda shidaalka ee lagu magacaabo Svenska Petroleum Exploration oo xarunteedu tahay magaalada London ee carriga Ingiriiska.

 

La-taliyaha iyo kaaliyaha gaarka ah ee ganacsidaha Al-cammuudi, Mr. Nabiyu Sameul oo saxaafadda warbixin kooban ka siiyey socdaalkooda, kadib markii uu ka soo deggay garoonka Cigaal, ayaa sheegay in socdaalkoodan oo qaadan doona muddo laba maalmood ah ay masuuliyiinta xukuumadda kala hadli doonaan arrimo la xidhiidha dhinaca shidaalka iyo gaasta dabiiciga ah.

 

Al-cammuudi oo ah ganacsade caan ah oo u dhashay dalka Sucuudiga, ayaa waxa xarun u ah magaalada Addis Ababa ee dalka Ethiopia, guud ahaan dalkaas oo uu u qabtay marka laga yimaaddo ganacsigiisa waxyaabo badan oo qiimo leh, lana xidhiidha dhinaca horumarka bulshada.

 

Sidoo kale waxa wararku sheegayaan in Mr. Al-cammuudi uu muddoba ku hamiyaayey sidii uu ganacsigiisa ugu soo fidin lahaa dhinaca Somaliland, isla markaana uga hirgelin lahaa waxyaabo waxtar leh oo uu ugu tabaruco bulshada ku dhaqan Somaliland.

[Jacaylbaro]

Sheikh Mohammed Hussein Ali Al Amoudi (Ge'ez: ሞሓመድ አልአሙዲ, Arabic: محمد حسين العمودي; born 1946 in Dessie, Ethiopia but grew up in Weldiya) is a Saudi Arabian /Ethiopian business magnate who lives in Ethiopia and Jeddah, Saudi Arabia. In 2008, Forbes magazine ranks Mohammed Al Amoudi as the 77th richest person in the world with a net worth of $9 billion. Mohammed Al Amoudi is Ethiopia's richest person and the richest black person in the world In 2006 his net worth was estimated as between $2.5 and $6.9 billion, causing Arabian Business to rank him as the world's 8th richest Arab, and Forbes to rank him as the world's 77th richest person. Al Amoudi's father is Yemeni and his mother is Ethiopian. He immigrated to Saudi Arabia in 1965 and became a Saudi citizen. Depending on disparate ethnic categorizations, and Al Amoudi's mixed Ethiopian and Yemeni parentage, he is one of the richest Arabs.

 

Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. He is said to be the largest foreign investor in both Sweden and Ethiopia. He holds an Honorary Doctorate in Philosophy from the Addis Ababa University and has been honoured with the Swedish Royal Order of the Polar Star by King Carl XVI Gustaf of Sweden.

 

Al Amoudi owns a broad portfolio of businesses not only in oil but also in mining, agriculture, hotels, hospitals, finance, operations and maintenance. Some have said he is gaining monopoly on businesses in Ethiopia, but there seem to be other wealthy Ethiopians to challenge some of his companies. Despite losing bids to Al Amoudi, CEO Girma of Ethiopian Airlines said Al Amoudi's work is a healthy competition, saying "growth and competition, it is good for everybody."

 

His businesses are largely to be found within two conglomerate holding and operating companies, Corral Petroleum Holdings and MIDROC (Mohammed International Development Research and Organization Companies), which he owns and manages. He employs over 40,000 people through these companies.

 

Al Amoudi has focused his East African investments on Ethiopia since the mid-1980s. MIDROC Ethiopia was created in 1994. He is strongly committed to Ethiopia, especially job creation and infrastructure capacity building. He is also well known as a philanthropist in his birth country and has built a 140-bed health care facility and supports visual impairment, disabled, children's health and poverty alleviation programmes. In the education arena, he provides overseas scholarships and is a patron of the Ethiopian arts. Al Amoudi has sponsored the CECAFA Cup, Africa's oldest cup competition for the last three years, during which time the football tournament has been known as the Al Amoudi Senior Challenge Cup.

 

Al Amoudi is a frequent visitor to the UK and the US where he has further business interests and was jointly honoured by the World Bank and State Department for his work in supporting African development. This was the first time that the World Bank had hosted such an event for a private sector investor.

[Xaaji Xunjuf]

men that guys is verry wealthy i think he can bring a reall change he helped Ethiopia alot 2

[A.J.]

Lets hope that this investment is actually realised as a lot of people often intend to invest in the somali populated areas but we often find that their investment doesnt actually quite materialise. I genuinely hope this guy in particular puts in some serious invest into Somaliland at this particular moment in time when it is so badly needed with the growing food and fuel prices and the natural disasters in the area.

[Member-sol-]

Allow gabdhaheena noo astur

[RedSea]

^^Amin..

 

Maandeeq way dhaqaaqday.

[Suldaanka]

So this is the mystery investor that paid the 10 million dollars to TGS NOPEC

[Jacaylbaro]

Not sure if it is him but the guy has been sending delegates since last year.