Saudi billionaire eyes travel agency
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Saudi billionaire eyes travel agency

Saudi billionaire eyes travel agency

Saudi billionaire Mohammed Al Amoudi is negotiating to buy Ethiopia's National Tour Operation and Travel Agency Enterprise, reported Ethiopia's Capital newspaper. The 20-year-old state-owned agency is an unprofitable legacy of Ethiopia's former communist military government. Ethiopian-born Al Amoudi bought Ethiopia's lone gold mine from the government for $172m in 1997.

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