Saudi Arabia announced an additional investment of $319.9 million to increase domestic coffee production from 300 to 2,500 tons annually.
The Saudi Arabia’s Public Investment Fund (PIF) said it has launched the Saudi Coffee Company to promote the Kingdom’s coffee beans, and it would also help the company in distributing and marketing the product across the Kingdom.
Coffee consumption in Saudi Arabia grew by approximately 4% a year between 2016 and 2021, according to PIF, which it also forecast to increase it by 5% annually to 2026.
The PIF said there are currently over 2,500 coffee plantations with a combined total of approximately 400,000 coffee trees.
The Saudi Khawalani coffee beans are being cultivated in the firms in the regions of Jazan, Al Baha, and Aseer and mostly exported to Middle Eastern countries.
Total Saudi coffee exports were valued at around $10.6m in 2020, and PIF said they are making efforts to further increase the import of the Saudi-grown coffee beans to the world market.
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