Click to email this to a friend (Opens in new window)The Public Investment Fund (PIF) of Saudi Arabia plans to invest approximately $320 million USD in the development of the Saudi Arabian arabica coffee sector, with the goal of becoming an international player in coffee exports. Based on the latest publicly available statistics from the International Coffee Organization, such output would place Saudi Arabia somewhere between 40-45 in terms of national coffee production globally, just ahead of countries such as Nigeria and Ghana and just behind Timor-Leste. The investment involves the launch of the new Saudi Coffee Company, which will coordinate with the private sector in developing coffee production in the southern Jazan region, according to an announcement from the official Saudi Press Agency. Incidentally, Saudi Arabia has become biggest importer of Ethiopian coffees, just ahead of Germany, Japan and the United States, according to the USDA’s Foreign Agriculture Service. According to the the PIF, the new Saudi Coffee Company will be in coffee sector development all the way through the seed-to-cup chain.

Source: Ethiopian News May 16, 2022 18:59 UTC