Al Amoudi and Bereket Simon

A very revealing article of how Al Amoudi conducts his business. Clearly he is not a good businessman but someone riding on the coattail of either the Saudi royal family, meles zenawi, or the US intellegince community who pays amoudi for protecting Meles.
www.addisfortune.com/contract agreement between Derba-MIDROC Cement Plc.htm

Bereket Simon, public relations advisor of the Prime Minister under ministerial portfolio, with Sheik Mohammed Ali Al-Amoudi, at the Sheraton Addis on Tuesday, January 9, a few minutes after the signing of the 2.6 billion Br contract agreement between Derba-MIDROC Cement Plc and China National Building Material (CNBM).

The project includes the construction of a 17Km road from the plant to the quarry; a 10Km asphalt road from Derba to the plant, as well as the upgrading of 23Km of gravel road from Chancho town to Derab. The machineries imports from Germany, Japan, France, United Kingdom, Sweden, China and the United States and their installations will cost close to 200 million dollars, according to company sources.

Bidding against the Chinese Sinoma and the Turkish Enka, CNBM has been selected to build a cement factory in Derba, near the town of Chancho, 70Km west of Addis, with a daily capacity of 7,000tns, over three times more than what the state owned Mugher Cement Factory produces now. CNBM, established in 2005, has built 10 cement plants in Asia and Africa, including two in Sudan, according to its General Manager, Haung Anzhong.

"We are happy to see the final contract has been achieved," he said during the signing ceremony. "We have given competitive prices and offered an advanced technology."

He promised to employ dry processing technology and to complete the factory in March 2009.

This agreement was entered at a time when many in the business community have become cynical due to MIDROC's inability to deliver on its promises of importing 1.5 million tonnes of cement in the past six months.

"It will come soon," said Sheik Al-Amoudi. "You will be surprised."

One of his aides is pleased to see the signing of this contract, however. He said of perhaps the 99 projects that may seek Sheik Al-Amoudi's attention at any given time, making such progress should be taken positively.

"I guarantee you that Mohammed will do this to the letter," the aide told Fortune.

Comments and faves

andualem19(51 months ago)
It is very natural and logic,that for every thing it's a matter of time and condition."those who laugh will cry and those who cry will give their hot smile!"God will never ignore the poor!
sash97(3 months ago)
What does it mean?