Owner, MIDROC
Origin: Saudi Arabia/ Ethiopia
Residence: Saudi Arabia
Sector: Diversified
Ethiopian industrial behemoth, MIDROC Investment Group, is the brainchild of Al Amoudi. The astute entrepreneur established MIDROC in 1996 to contribute to the revitalisation and development of the Ethiopian economy. In 2022, MIDROC announced an ETB50bn residential development scheme in Ethiopia’s capital, Addis Ababa. The 250,000 square metres mixed-use community development will encompass villas, apartments, a mall, a hotel, a gym, a theatre and a supermarket. Eighty companies operate under MIDROC’s umbrella in diverse sectors such as agriculture, cement, mining and fuel.