Sheikh Mohammed Al Amoudi invests SEK 5 Million in QGroup. The investment will mostly be used for high end expansion in Gothenburg and Stockholm.
Sheikh Mohammed Al Amoudi is a Saudi Arabian businessman and billionaire who lives in Ethiopia and Riyadh Saudi Arabia. As of 2013, Forbes has estimated his net worth at $13.5 billion, making him the 65th richest person in the world. Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. He is said to be the largest foreign investor in both Sweden and Ethiopia.
Except Swedish oil company Preem, Al Amoudi owns construction company Midroc and a large number of real estate in Sweden. Through his different companies Al Amoudi employs approximately 15000 people in Sweden.