Saudi Arabia's sovereign wealth fund launches a coffee company

The Saudi Arabian Public Investment Fund (FIP), one of the world's largest sovereign wealth funds, today announced the launch of the Saudi Coffee Company to promote the product and give a boost to the country's agricultural sector, whose economy is heavily dependent on of the oil.

Saudi Arabia's sovereign wealth fund launches a coffee company

The Saudi Arabian Public Investment Fund (FIP), one of the world's largest sovereign wealth funds, today announced the launch of the Saudi Coffee Company to promote the product and give a boost to the country's agricultural sector, whose economy is heavily dependent on of the oil.

In a statement, the FIP said that this company has the objective of supporting the national product and promoting an improvement in the country's agriculture and, thus, presenting a "world-class" product. According to the note, the Saudi Coffee Company will forge alianz


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