Business
Al Amoudi Outlines Expansion and Job Creation for MIDROC
Addis Insight · last week · Read the Full Story on Addis Insight
AI SUMMARY
MIDROC Investment Group chairman Sheikh Mohammed Hussein Al Amoudi outlined a major growth vision for the conglomerate, targeting up to 120,000 workers, expanded strategic investments, and world-class hospitality infrastructure in Addis Ababa.
- Sheikh Mohammed Hussein Al Amoudi described MIDROC Investment Group as an enterprise belonging to the Ethiopian people and government.
- Al Amoudi instructed MIDROC chief executive Jemal Ahmed and executive leadership to increase the workforce from roughly 80,000 to between 100,000 and 120,000 employees.
- Management was encouraged to prioritize essential sectors including agriculture, manufacturing, healthcare, and infrastructure.
- Al Amoudi expressed an ambition to improve Addis Ababa's hospitality and conference infrastructure to potentially host international events like a G20 summit.
- Management was directed to evaluate employee compensation regularly against the actual cost of living.
- Al Amoudi dismissed rumors regarding his health, stating he is in good health and plans to travel to Ethiopia in the coming months.
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