Saudi investors say Ethiopian govt officials ‘robbed’ them

Updated 24 November 2015
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Saudi investors say Ethiopian govt officials ‘robbed’ them

RIYADH: 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.


Formula E brings racing-themed roadshow to Jeddah

Updated 17 November 2018
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Formula E brings racing-themed roadshow to Jeddah

  • The Road to Ad Diriyah will give Jeddah a taste of the historical three-day festival of racing, live music, culture and entertainment that is set to take place in Ad Diriyah
  • More than 6,000 motorsport fans stormed to Khobar last week for the road show

DUBAI: After a successful run in Khobar last week, Road to Ad Diriyah, a racing-themed entertainment event, is set to visit Jeddah as the country gears up for all-electric street car-racing activities in December.
More than 6,000 motorsport fans stormed to Khobar last week for the road show, which featured racing-themed activities heralding the upcoming 2018 Saudia Ad Diriyah E-Prix on Dec. 13 to 15, a first-of-its-kind sporting event in the Middle East.
The Jeddah edition opens on Nov. 22, with most of the activities from the previous one, as well as an e-sports competition whose winner will take home SAR 1,000,000.


The ABB FIA Formula E Road to Ad Diriyah e-sports championship allows fans to command a SAR 250,000 professional racing simulator. The 16 best participants will then be invited to Ad Diriyah in December for the grand finals.
The Road to Ad Diriyah will give Jeddah a taste of what the historical three-day festival of racing, live music, culture and entertainment that is set to take place in Ad Diriyah will be like.
Bavaria Zaman, who visited the Khobar show with husband Rashid Khan and kids Nawal, Daiin and Nashin, said: “I think it’s fantastic. The kids are running around and having fun.”
The upcoming E-Prix is the first in a 10-year partnership between ABB FIA Formula E and the General Sports Authority of Saudi Arabia (GSA) and the Saudi Arabian Motor Federation (SAMF).