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Saudi-Ethiopian billionaire Mohammed Al Amoudi lines up $80 million IFC loan for Sheraton Addis refurbishment

East Africa

Saudi-Ethiopian billionaire Mohammed Al Amoudi lines up $80 million IFC loan for Sheraton Addis refurbishment

IFC is weighing an $80m loan to refurbish Sheraton Addis, backing Mohammed Al Amoudi’s MIDROC as Ethiopia pushes conference tourism.

, and Mfonobong Nsehe

January 25, 2026

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