Saudi Arabia PIF launches Saudi Coffee Company

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), said on Sunday it had launched a coffee company to promote the kingdom’s coffee beans.

For all the latest headlines, follow our Google News channel online or through the app.

The Saudi Coffee Company will support the domestic coffee industry across the entire supply chain, from bean to cup, PIF said.

It will also play a key role in developing production in the southern Jazan region, home to Coffea Arabica, he said.

The Saudi Coffee Company is expected to invest around 1.2 billion rials (US$319 million) over the next 10 years in the domestic coffee industry, to help increase annual production from 300 tonnes to 2,500 tonnes.

See More information:

King and Crown Prince of Saudi Arabia congratulate Sheikh Mohamed on the presidency of the United Arab Emirates

Saudi consumer price index in April up 2.3%: government data

Saudi Aramco announces net income of $39.5 billion for the first quarter of 2022

Leave a Comment