Ethiopia
MIDROC- Mohammed International Development Research and Organization Companies, is engaged in multifaceted business Ventures, are operating in Africa, Europe, the Middle East and the United States of America.
MIDROC is owned by Sheikh Mohammed Hussein Ali Al-Amoudi, renowned for making significant investments in the commercial world, particularly in the manufacturing, agriculture, mining, real estate and construction, energy, commerce, hotels, travel, and health services on many countries.
MIDROC Investment Group /MIG/ is the largest business entity in Ethiopia engaged in Manufacturing, Mining, Agriculture, Commerce, Hospitality and Construction business sectors.
MIDROC is not only the pioneer private business but also the leading company engaged in multifaceted investment undertakings that have proven to make significant contribution in the development of the country‘s economy since its establishment. MIDROC Investment Group, a conglomerate of 45 companies, is a major national employer with nearly 79,000 staff. Furthermore, the group dedicates 10% of its net profit to corporate social responsibility (CSR) initiatives.
Furthermore MIG becomes the pride of the nation by responding fast to natural and man-made calamities. The businesses are the nation’s biggest employers next to the government and support the nation’s development.
Companies under the group are organized under six clusters based on business purposes and similarity of activities performing. Currently the number of company’s under MIG reached 45.
Strategic Objectives
The strategic directions of MIDROC Investment Group engagement in the country’s development include, among others, the following:-
· To invest in the agricultural and agro-industrial sector with emphasis to further develop the sectors and enhance their efficiency and export earning capacities,
· To invest in the exploration, development and marketing of the country's mining resources,
· To invest in, develop and expand the manufacturing and service industries that enhance the economic competitiveness of Ethiopia and add value to local based resources,
· To undertake projects and invest in the development of the basic infrastructure in Ethiopia, like in the health services, education & training, transport, etc..
· To invest and actively participate in the development and the rational utilization of the country’s natural resources,
· To construct, buy, lease, sell and administer real estates including apartments, multi-purpose buildings and structures.
The Clusters
In Ethiopia, companies of the MIDROC investment group are organized under six clusters based on business purposes and similarity of activities they are performing.
THE SIX CLUSTERS OF MIDROC GNVESTMENT GROUP
I. Agriculture and Agro-processing Cluster
The Agriculture and Agro-processing Cluster is one of the four clusters under MIDROC investment group that incorporates twelve (12) companies which are engaged in agricultural and agro-processing operations.
The major products under the cluster are: Coffee, Tea, Cereals, Pulses and oil crops, Horticultural crops, Animal husbandry products, Spices and canned products.
II. Manufacturing Cluster
The Manufacturing Cluster under MIG embraces 18 companies which are mainly produce tyres, packaging and related products, construction materials and engage in food processing and pharmaceuticals, tannery and leather production furniture as well as industrial zone development and management.
III. Mining Cluster
Companies under Mining Cluster – MIDROC Gold Mine PLC, National Mining Corporation PLC, MIDROC Geo and Exploration Service PLC are engaged in the extraction and processing of gold, precious dimension stones such as marble and granite as well as consultancy services in the exploration, surveying and drilling.
IV. Commerce Cluster
MIDROC’s Commerce Cluster comprises exceptionally organized companies to offer services to their customers meeting the expectations beyond expectations.
V. Hotel and Tourism Cluster
Under its Hotel and Tourism Cluster, MIDROC Investment Group owns the Sheraton Addis, a Luxury Collection Hotel. Located in the heart of the Ethiopian capital, the hotel sits on a hilltop overlooking the city, safely nestled between the National Palace and the prime minister’s residence.
VI. Construction and Real Estate Cluster
Since its inception, MIDROC Investment Group has made tremendous contributions in the Ethiopian construction sector for about three decades and registered significant results in the development of the country’s infrastructure.
