MIDROC-Mohammed International Development Research and Organization Companies is a company owned by Sheik

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 ...

. It has operations in Europe, the Middle East, and Africa. Through its

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 An oil refinery or petroleum refinery is an industrial process plant where petr ...

AB, MIDROC has become a major independent

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 (of ...

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 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 ha ...

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

and fuel, production, energy and

mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...

Midroc Europe

Midroc Europe was a privately owned corporate group based in Sweden active in the

properties Property is the ownership of land, resources, improvements or other tangible objects, or intellectual property. Property may also refer to: Mathematics * Property (mathematics) Philosophy and science * Property (philosophy), in philosophy and ...

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 com ...

, industry and

environmental technology Environmental technology (envirotech) or green technology (greentech), also known as ''clean technology'' (''cleantech''), is the application of one or more of environmental science, green chemistry, environmental monitoring and electronic device ...

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 Gold mining is the extraction of gold resources by mining. Historically, mining gold from alluvial deposits used manual separation processes, such as gold panning. However, with the expansion of gold mining to ores that are not on the surface ...

interests in Ethiopia and it is reported that MIDROC Gold Mine (a subsidiary of MIDROC Ethiopia) has paid the Ethiopian Government 100.1 million birr in royalties, the largest contribution of any mining company. Midroc Gold is Ethiopia's sole gold exporter. Its

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 con ...

has a yearly average production of around 4,500 kg of gold and silver. MIDROC owns 70% of

National Oil Ethiopia National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, ce ...

, which competes with YBF, TAF and five other companies in the national petrol market and is establishing a major steel plant (Tossa) in Amhara. This latter is Ethiopia's first industrial steel production plant and is intended to meet a major increase in domestic demand, estimated to rise from 1.2m tonnes to 3.1m tonnes per annum between 2011 and 2014. In August 2008, MIDROC opened a small cement factory on the outskirts of the town, which produces 4,000

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 co ...

of cement per day. Some of the output of this factory was used in the construction of the larger

Derba The Derba (russian: Дерба), also known as Derbe (russian: Дербе; sah, Дьэрбэ, ''Cerbe'') or Dzherba (russian: Джерба), is a river in Yakutia (Sakha Republic), Russia. It is a tributary of the Lena with a length of — co ...

Midroc Cement Factory, which is located 70 kilometers north of

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, t ...

and is the largest cement factory in Ethiopia. North Holdings Investment announced 17 October 2009 that it had completed a feasibility study for its own cement factory at Dejen, which would be built on 450 hectares of land. Construction of the factory will cost around US$1.6 billion, and once completed it would have a production capacity of nine million tons a year. MIDROC also built the

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 ...

hotel.

Midroc Middle East

Midroc Middle East is a privately owned corporate group active in the

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 rang ...

and

and the industrial sectors. * ABV Rock Group Ltd * EG&G Middle East * Saudi ABV * Yanbu Steel * Metals Services * Trans Desert Transport * Golden Leaves

References

{{reflist

External links

http://www.midroc.com/
Home page Companies of Ethiopia Oil and gas companies of Ethiopia Petroleum industry in Saudi Arabia