Sheik Mohammed Hussein Al-Amoudi has undertaken the Addis Ababa Park Development Project by earmarking 35 million Birr. The construction project is expected to be completed within nine to ten months period.

A foundation stone was laid on 4th October 2003. Present at the ceremony were Sheik Mohammed Hussein Al-Amoudi, Arkebe Eqoubai-Mayor of Addis Ababa City Administration, Dr. Tekeda Alemu-Minister of State at the MOFA, Alpha Umar Knare-Secretary General of AU and K.Y. Amako-Executive Director of the UNECA. Also other government dignitaries, Dr. Arega Yirdaw and other MIDROC Officials attended the ceremony.

After laying the foundation stone, Sheik Mohammed said it was incumbent on all citizens to contribute to the growth and beauty of the city.

Mayor Arkebe Eqoubai on his part said the park area will make Addis Ababa, seat of the African Union and a number of other International Organizations, very attractive and beautiful city. Mayor Arkebe called upon all investors in the city to follow suit in contributing their shares in the effort under way to upgrading the city's standards and beauty. The Mayor expressed gratitude on behalf of the city residents to Sheik Mohammed Hussein Al-Amoudi for covering the entire cost of the Park Development Project.

The park will have three parts. The first part, which is in front of ECA will be named "African Park". The second park in front of Hilton Hotel will be known us "Ethiopian Park" and the third park in front of Grand Palace will be called "Addis Ababa Park". The total area of the park is 45,000 square meters including car parking, bypasses and paths.