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MIDROC
MIDROC-Mohammed International Development Research and Organization Companies is a company owned by Sheik Mohammed Hussein Al Amoudi. It has operations in Europe, the Middle East, and Africa. Through its Corral Petroleum Holdings AB, MIDROC has become a major independent oil company. Operations Midroc has operations across three continents, over 50,000 employees and a turnover of $25 billion. The group is active in various sectors, including industry, venture capital, oil and fuel, production, energy and mining. Midroc Europe Midroc Europe was a privately owned corporate group based in Sweden active in the properties, construction, industry and environmental technology sectors. In January 2022, the Midroc Group, which included Midroc Europe, became Granitor. MIDROC Ethiopia MIDROC Ethiopia was established in 1994. In 2011 it made a profit of 1.3bn birr (US$70m). MIDROC has major gold mining interests in Ethiopia and it is reported that MIDROC Gold Mine (a subsidia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sheraton Addis
The Sheraton Addis is an international hotel located in Addis Ababa, Ethiopia. It is part of Marriott's Luxury Collection. It has 293 rooms, as well as a number of villas. Profile The hotel was built by MIDROC Ethiopia, and designed by architect Kosek Ivo. Sheik Mohammed Hussein Al Amoudi, built the hotel as a way of creating jobs and promoting the country's image- saying that he is "investing in Ethiopia by following my heart, not my head". The hotel cost over $200 million to build, and over 500 families had to be relocated for its construction. It opened on 29 February 1998, and has been considered one of the country's leading hotels. The hotel is located between two palaces, the National Palace (formerly the Jubilee Palace), which is the residence of the President of Ethiopia, and the Menelik Palace, residence of the Prime Minister of Ethiopia. The hotel has hosted countless high-profile events, including Pan-African and African Union summits, as well as New Year' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lega Dembi Mine
The Lega Dembi Mine is the largest gold mine in Ethiopia. It is near Shakiso in Oromia. Lega Dembi has a yearly production of around 4,500 kg of gold and silver, and is owned by MIDROC. Pollution from the mine has resulted in environmental conflict that has exacerbated other political and ethnic conflict in the region. The mine has exposed thousands of people to cyanide, arsenic and mercury pollution Mercury is a chemical element with the symbol Hg and atomic number 80. It is also known as quicksilver and was formerly named hydrargyrum ( ) from the Greek words, ''hydor'' (water) and ''argyros'' (silver). A heavy, silvery d-block element, m ... greatly exceeding WHO guidelines, causing severe negative health effects including many stillbirths, birth defects, and deformities. In 2022, the UN Special Rapporteur for Human Rights and the Environment, David R. Boyd described the mine as one of the worst sacrifice zones in the world. The mine's pollution has also threat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohammed Hussein Al Amoudi
Mohammed Hussein Ali Al-'Amoudi ( ar, محمد حسين علي العمودي; born 1946) is a Saudi billionaire businessman. He was born Ethiopia in 1946 to a Yemeni father from Hadhramaut and Ethiopian Amhara mother from Wollo. In 2016, his net worth was estimated by ''Forbes'' at approximately $10.9 billion and a relative fall in net value was linked to the global fall in oil and gold prices at the time of estimation. He was also listed as Ethiopia's richest man, the second richest Saudi Arabian citizen in the world and the second richest person of African descent in the world. Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. He is the largest individual foreign investor in Ethiopia and a major investor in Sweden. Business activities Al Amoudi owns a broad portfolio of businesses in construction, energy, agriculture, mining, hotels, healthcare and manufacturing amongst others. His businesses ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corral Petroleum Holdings
Preem is a Swedish petroleum and bio-fuel company (even referred to as a petroleum corporation) with approximately 570 petrol stations and two oil refineries in Sweden, Preemraff Göteborg in Gothenburg and Preemraff Lysekil outside of Lysekil. Preem refines a total of just over 18 million tonnes of crude oil per year. The business cover a large part of the value chain - from the processing of raw materials to sales. Preem purchase crude oil and renewable raw materials from around the world. The raw materials are processed and sold as fuels, heating oil, lubricating oils and other products to both companies and individuals in Sweden and Norway The majority of our production, approximately 80%, is exported to the international market, mainly in north-west Europe, which means that Preem is among the largest Swedish exporters. approximately half of all petroleum products consumed in Sweden come from Preem's refineries. Sales on the Swedish market are carried out through Preem's sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quintals
The quintal or centner is a historical unit of mass in many countries which is usually defined as 100 base units, such as pounds or kilograms. It is a traditional unit of weight in France, Portugal, and Spain and their former colonies. It is commonly used for grain prices in wholesale markets in Ethiopia and India, where 1 quintal = 100 kg. In British English, it referred to the hundredweight; in American English, it formerly referred to an uncommon measure of 100 kilograms. Languages drawing its cognate name for the weight from Romance languages include French, Portuguese, Romanian and Spanish , Italian , Esperanto , Polish . Languages taking their cognates from Germanicized ''centner'' include the German , Lithuanian , Swedish , Polish , Russian and Ukrainian (), Estonian and Spanish . Many European languages have come to translate both the imperial and American hundredweight as their cognate form of ''quintal'' or ''centner''. Name The concept has resulted in two ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Of Ethiopia
Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. In 2015, the World Bank highlighted that Ethiopia had witnessed rapid economic growth with real domestic product (GDP) growth averaging 10.9% between 2004 and 2014. Notable firms This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct. File:Ethiopian Commercial Bank Addis Abeba.jpg, A Commercial Bank of Ethiopia building in Addis Ababa. File:Ethiopian Airlines Boeing 787-8 ET-AOS FRA 2012-10-28.png, An Ethiopian Airlines Boeing 787 Dreamliner at Frankfurt Airport. File:Bus addis abeba.jp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Construction
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The constructio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engineering
Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad range of more specialized List of engineering branches, fields of engineering, each with a more specific emphasis on particular areas of applied mathematics, applied science, and types of application. See glossary of engineering. The term ''engineering'' is derived from the Latin ''ingenium'', meaning "cleverness" and ''ingeniare'', meaning "to contrive, devise". Definition The American Engineers' Council for Professional Development (ECPD, the predecessor of Accreditation Board for Engineering and Technology, ABET) has defined "engineering" as: The creative application of scientific principles to design or develop structures, machines, apparatus, or manufacturing processes, or works utilizing them singly or in combination; or to construct o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Company
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of hydrocarbon exploration, exploration, extraction of petroleum, extraction, oil refinery, refining, Petroleum transport, transportation (often by oil tankers and pipeline transport, pipelines), and marketing of list of crude oil products, petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many petrochemical, chemical products, including pharmaceutical drug, pharmaceuticals, solvents, fertilizers, pesticides, synthetic Aroma compound, fragrances, and plastics. The industry is usually divided into three major components: upstream (petroleum industry), upstream, midstream, and downstream (petroleum industry), downstream. Upstream regards exploration and extraction of Petroleum, crude oil, midstream encompasses transportation and Oil terminal, storage of crude, and downstream concerns refining ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Addis Ababa
Addis Ababa (; am, አዲስ አበባ, , new flower ; also known as , lit. "natural spring" in Oromo), is the capital and largest city of Ethiopia. It is also served as major administrative center of the Oromia Region. In the 2007 census, the city's population was estimated to be 2,739,551 inhabitants. Addis Ababa is a highly developed and important cultural, artistic, financial and administrative centre of Ethiopia. Addis Ababa was portrayed in the 15th century as a fortified location called "Barara" that housed the emperors of Ethiopia at the time. Prior to Emperor Dawit II, Barara was completely destroyed during the Ethiopian–Adal War and Oromo expansions. The founding history of Addis Ababa dates back in late 19th-century by Menelik II, Negus of Shewa, in 1886 after finding Mount Entoto unpleasant two years prior. At the time, the city was a resort town; its large mineral spring abundance attracted nobilities of the empire, led them to establish permanent settlement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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