MIDROC Ethiopia Investment Group, owned by Sheikh Mohammed H. Al-Amoudi , started operation in 1996. It is the leading private investment Group engaged in multifaceted investment undertakings that have proved to make significant contributions to the development of the country’s economy.

 

 

Sheikh Mohammed H. Al-Amoudi appeared in the economic scene of his motherland, Ethiopia, at a time when the country was in an exuberant need of support. He did not wait for the creation of an “enabling environment” which all private foreign investors expect to prevail in any country before moving in. He had to respond to the call of his Motherland – Ethiopia as immediately as the circumstances then demanded.

 

He decided to contribute to the revitalization and development effort through investing in various sectors of the country’s economy. His investments, which have significant contributions to the foreign direct investments (FDI) in Ethiopia, have started to bear fruits. All his investment decision are reflections of his resolute commitment to development of the economy and the well being of Ethiopia and its people.

 

At this point it will only be proper and timely to quote the remarks he made a few years ago: “Ethiopia means so much to me that even my friends wonder about my investment decisions in the country. When I invest in Ethiopia, my decisions to invest are based on what I feel in my heart for my motherland. All my other investment decisions in the rest of the world are based on calculated risks and benefits.

 

Ethiopia is our soul and the essence of our existence. We should not expect others to transform our motherland into a developed and a prosperous country. It is our national duty and solemn responsibility, to fully commit ourselves to develop Ethiopia and free our countrymen from the shackles of abject poverty and under-development.”

 

Cognizant of the increasing volume of his investment in Ethiopia since 1991, Sheikh Mohammed H. Al-Amoudi decided to establish MIDROC Ethiopia Plc, in 1996, under the motto of "Committed to Development" - a flagship of his dedication and continued commitment. In order to realize this commitment, the following set of strategic objectives were designed.