RICHEST AFRICAN

Born in Ethiopia to a Saudi father and Ethiopian mother, Al Amoudi is the richest African black person in the world and the single biggest investor in the country.
Sheikh Mohammed Al Amoudi who ranks 64th in Forbes world richest people owns this luxurious hotel.
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.
Al Amoudi owns a broad portfolio of businesses not only in oil but also in mining, agriculture, hotels, hospitals, finance, operations and maintenance. Some[who?] have said he is gaining a 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."[10]

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.