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Saudi Al-Amoudi to invest USD3.4 b in Ethiopia  Join our daily free Newsletter

MENAFN - 04/12/2013
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(MENAFN) The biggest private investor in #Ethiopia Saudi billionaire Mohammed Al-Amoudi has announced his plan for building another two cement factories in #Ethiopia as investment environment grew significantly, according to Saudi Gazette.

Derba Group, an malgam of three Ethiopian companies owned by Al-Amoudi, said it will invest USD3.4 billion in #Ethiopia in 5 years.


Al-Amoudi said: "Africa"s opportunity lies in involvement of private sector working with stable and responsible government like Ethiopia."

 
 


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