PRESS DIGEST
Al-Amoudi’s American Connection
The Indian Ocean Newsletter
January 10, 1998
Ethiopian-Saudi millionaire Mohamed al-Amoudi, who owns the holding company Midroc and is Ethiopia’s leading foreign investor, is brushing up his connections with the United States and U.S. citizens. Sources report he is believed to have signed up former U.S. ambassador to Ethiopia Irvin Hicks to work on preparing a major conference on the theme “Investing in Africa.” It would be held in the Addis Abeba Sheraton—which the al-Amoudi Group owns—on March 8 to 10. Hicks, who is no longer a member of the U.S.A. administration, is thought to be in line to be board chairman of the Addis Sheraton. In October 1997, al-Amoudi had been guest of honor at a meeting held at the World Bank offices in Washington and organized by the Washington-based Westar Group Inc., of which he is chairman. Participants, apart from representatives of the World Bank and the International Monetary Fund, included members of the U.S. Administration such as U.S. president Bill Clinton’s special adviser on African affairs, Joseph Wilson IV.
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