Ethiopian-born Saudi billionaire Mohammed Al Amoudi announces plans to construct a 10-star hotel in Ethiopia during a MIDROC staff appreciation event
Borkena Desk
(Toronto, Canada) — Mohammed Al Amoudi, an Ethiopian-born Saudi billionaire, on Thursday announced plans to build a 10-star hotel in Ethiopia. He owns the Sheraton Addis, Ethiopia’s most luxurious five-star hotel, featuring 293 rooms in the heart of Addis Ababa.
He revealed his interest in building a new hotel in the country while speaking virtually from Saudi Arabia during a MIDROC Ethiopia “family day” staff appreciation event. MIDROC has created over 80,000 jobs in the country across a range of sectors, including agriculture, mining, hospitality and tourism, manufacturing, and real estate.
“My wish is to see Ethiopia join the ranks of developed countries,” Sheikh Mohammed Hussein Ali Al-Amoudi, owner and chairman of the MIDROC Investment Group, said. In his 2025, MIDROC family day speech, he said he would like to see Ethiopia in the group of middle income countries.
He stated that “to make this vision a reality, MIDROC would work to further strengthen its contribution to the country’s development by constructing a 10-star hotel.”
He also remarked on creating more jobs, stating that MIDROC must double its work. However, no timeframe was provided.
Al Amoudi has not visited Ethiopia for over nine years following his detention by Saudi authorities in 2017. Although released from prison long ago, reports indicate he remains under travel restrictions and cannot leave the country.
Last year, he mentioned that he would return to the country, but that trip has not materialized.
Meanwhile, MIDROC announced that it has paid out a 1.2 billion birr bonus to its employees. According to company disclosures, it paid out 8.5 billion birr in salaries and generated $390 million in foreign currency for the country.
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A 10-star hotel sounds impressive, but the timing and circumstances matter. This kind of ambitious investment should come after the Abiy Ahmed government’s leadership has changed. Under the current conditions, I cannot see myself investing in or supporting such a project during a period when the risk of another war remains a serious concern.
Paulette,
Abiy est le meilleur élu de l’histoire de l’Éthiopie. Juste en passant, quel est votre intérêt à ce que le cheikh investisse son propre argent en Éthiopie ou non? Heureusement, le cheikh sait ce qu’il fait et n’a pas besoin de votre conseil. Est-ce qu’on vous a invitée à investir en Éthiopie? Dans quel domaine et pourquoi vous? À mon avis, l’Éthiopie n’aura jamais besoin d’investisseuses comme vous!
Nobody needs your investment into Ethiopia or your support at all because Abiy Ahmed leadership will not be changed and he will rule until next elections in 2031
Like shiek Allamuddin !
Please help me by money but I have knowledge!!!
He went your Account
This fortunate brother never forgets the country that produced him. We all wish him a long and healthy life for many years to come.
Blessings to you and your family!!!
I wish he also thinks about clearing long due cases on ABV Rock Group limited(Riyadh Saudi Arabia) for unpaid salaries and end of service benefit with 8 months of pending salary court decision everything done but deliberately recieving fund in other sister concern and selling assets on hard cash basis with drawing cash so tanfeez isn’t applicable to withdraw amount from the main account more then an year just waiting for our lifetime earnings and most of it intended to be allocated for loans accumulated during salary delays.
Entant que citoyen marocain, j’attire votre attention sur ce renard qui a grand dossier judiciaire au Maroc, suite suite aux manipulations qu’il a mené sans la raffinerie pétrolière la SAMIR à Mohamadia.
Ahmed,
C’est le Maroc qui a escroqué le cheikh, n’est-ce pas? Le Maroc a confisqué sa raffinerie et l’a vendue sans aucune indemnisation.
While the elites argue over ideology, people starve on the streets. I pray for this war to end and for Ethiopia to become a peace-loving, developed nation.