Saudi Investors Abandoning Ethiopia in Droves


Saudi Investors Abandoning Ethiopia in Droves

NOVEMBER 24, 2015 —
By Arab News,

Saudi investors have accused some Ethiopian government officials of robbing them of their land and equipment.

Mohammed Al-Shehri, who leads a body of investors in the African country, claimed that certain Ethiopian officials falsely accused him and others of criminal activities so that they could confiscate their property.

Al-Shehri was quoted as saying in a local publication that the alleged corruption was rife in certain areas, with some investors imprisoned and accused of forgery, and not allowed to bring their equipment back to Saudi Arabia.

He said that all farming operations of Saudi citizens in Ethiopia had come to a virtual standstill six years after their inception. The African country had failed to live up to promises made to investors, he said.

Al-Shehri said that 50 percent of Saudi investors in Ethiopia have left the country, some leaving behind their farms and others selling them. He said many do not want to return there because they fear being framed for crimes they did not commit.

He said that the investors have contacted the foreign ministries of both countries but have yet to get a response on the allegations. Saudi investors were facing similar problems in other countries, including Sudan, he claimed.

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