Saudi Arabia’s PIF launches Saudi Coffee Company

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), stated on Sunday it had launched a espresso firm to advertise the dominion’s espresso beans.

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The Saudi Coffee Company will present assist to the nationwide espresso trade by way of the whole provide chain, from bean to cup, the PIF stated.

It will even play a key position in creating manufacturing within the southern Jazan area, residence to the Coffea Arabica, it stated.

The Saudi Coffee Company is anticipated to take a position almost 1.2 billion riyals ($319 million) over the subsequent 10 years within the nationwide espresso trade, to assist enhance annual manufacturing from 300 tons to 2,500 tons.

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