Mohammed Hussein Al Amoudi is the founder of companies on three continents that employ over 70,000 people in total. His business philosophy is entrepreneurial but long term, linking the emerging and developed worlds in a wide variety of sectors. This has led to a concentration on opportunities in three countries – Saudi Arabia, Ethiopia and Sweden. He migrated from Ethiopia to Saudi Arabia when he was 19 and became a full citizen of the Kingdom in 1965.
His philosophy is based on four core principles: a business culture based on integrity, quality and financial prudence; fairness to employees, partners, suppliers and customers; a commitment to providing local populations with positive social and economic benefits that make full use of local resources; and a commitment to the preservation of the environment.
Mohammed has a strategic approach to investment, finding the best managers in each territory and sector and giving them the authority to build the businesses within the guidelines set by the four core principles. He maintains excellent relations with those banking and public policy communities that might affect the health and welfare of his businesses and their employees. In Ethiopia, he encourages investment in education and training locally to help develop the home-grown managers that the country needs. His portfolio of companies means that he has a substantial investor interest in the petroleum, agribusiness, property, industry and industrial services, engineering, construction and tourism and trade sectors.