Economy

Breaking News: Saudi Coffee Co. Granted License for Jazan Coffee Factory – First of its Kind in the Kingdom!

Saudi Coffee Co. Receives Approval to Begin Operations in Jazan

In an exciting development, Saudi Coffee Co. has been given the green light to start operations in Jazan, marking a significant milestone as the first production facility for coffee in the Kingdom.

License Issued by President of Royal Commission for Jubail and Yanbu

Khalid bin Mohammed Al-Salem, president of the Royal Commission for Jubail and Yanbu, granted the license to the Public Investment Fund firm, as reported by the Saudi Press Agency.

Factory to Strengthen Global Supply Chains and Support Vision 2030 Goals

The new factory, spanning an area of 30,000 sq. m., aims to produce and export Saudi coffee while enhancing local and global supply chains in alignment with Vision 2030 objectives. It also seeks to contribute to the sustainability of the sector.

Investment Agreements and Capital Contracts

As part of the city’s investment initiatives, Saudi Coffee Co. signed various agreements and contracts. The firm initially inked a deal with the Royal Commission for Jubail and Yanbu in November 2022 to construct the warehouse.

Expansion Plans and Quality Improvement

The new facility is anticipated to increase Saudi coffee output from 300 tonnes per year to 2,500 tonnes by 2032, fostering a more sustainable and localized value chain. Vice minister Mansour bin Hilal Al-Mushaiti highlighted the remarkable quality improvement of Saudi coffee over the past decade, positioning it as one of the finest in the world.

Supporting Local Products and Global Export

Saudi Coffee Co. places a high priority on promoting local coffee products to meet global standards. The PIF-owned firm also plays a crucial role in advancing sustainable agriculture in Jazan, a key region for fine Saudi coffee production. Additionally, it enhances the Kingdom’s ability to export high-quality coffee beans to international markets.

Contribution to Vision 2030 and Sustainable Agriculture

Aligned with Vision 2030’s economic diversification goals, PIF launched Saudi Coffee Co. to localize coffee-related industries and boost their contribution to the Kingdom’s domestic product through sustainable agriculture development efforts in Jazan. The company aims to plant 10 million coffee trees in the region, renowned for its world-famous Arabica coffee.