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Estidamah, Saudi Coffee Company Join Forces to Boost Kingdom’s Coffee Industry

The partnership is part of national efforts to boost local coffee production, which will support the economy and help achieve the goals of the Kingdom's Vision 2030. (SPA)
The partnership is part of national efforts to boost local coffee production, which will support the economy and help achieve the goals of the Kingdom's Vision 2030. (SPA)
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Estidamah, Saudi Coffee Company Join Forces to Boost Kingdom’s Coffee Industry

The partnership is part of national efforts to boost local coffee production, which will support the economy and help achieve the goals of the Kingdom's Vision 2030. (SPA)
The partnership is part of national efforts to boost local coffee production, which will support the economy and help achieve the goals of the Kingdom's Vision 2030. (SPA)

The National Research and Development Center for Sustainable Agriculture (Estidamah) and the Saudi Coffee Company signed a strategic memorandum of cooperation aimed at boosting the coffee sector in the Kingdom, reported the Saudi Press Agency on Tuesday.

The partnership is part of national efforts to boost local coffee production, which will support the economy and help achieve the goals of the Kingdom's Vision 2030.

It focuses on various key areas, including localizing modern technologies for coffee cultivation and production, implementing findings from research and applied studies, and boosting the skills of local farmers through training in best agricultural practices in order to improve crop quality and maximize economic returns.

The joint research team will focus on technological innovation and prioritize the use of nanotechnologies and biocatalysts to improve coffee plant growth.

Furthermore, artificial intelligence will be utilized to manage coffee farms more efficiently, ultimately leading to greater productivity and improved quality.

The partnership will explore the possibility of using alternative water sources, including rainwater harvesting, to ensure the long-term sustainability of production and open up new possibilities for expanding coffee cultivation in different regions of the Kingdom.

Estidamah board member Dr. Abdulrahman Al-Saghir said this partnership marks a significant advancement for the Saudi coffee industry by leveraging Estidamah's research expertise with the Saudi Coffee Company's marketing capabilities.

The ultimate objective, he explained, is to position the Kingdom prominently on the global map of coffee production.

Sustainability Director at the Saudi Coffee Company Dr. Abdullah Bokhari said the collaboration marks an important stride toward empowering local farmers and boosting the global competitiveness of local coffee.

The collaboration is anticipated to generate new job opportunities and bolster rural development in coffee-producing areas, thus enhancing the quality of life for local communities.

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Saudi Market Reclaims 12,000-Point Level

The Saudi benchmark index ended Monday’s session, closing at 12,023 points, 42 points higher than the previous day’s close, with total trading valued at about $2.13bln
The Saudi benchmark index ended Monday’s session, closing at 12,023 points, 42 points higher than the previous day’s close, with total trading valued at about $2.13bln
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Saudi Market Reclaims 12,000-Point Level

The Saudi benchmark index ended Monday’s session, closing at 12,023 points, 42 points higher than the previous day’s close, with total trading valued at about $2.13bln
The Saudi benchmark index ended Monday’s session, closing at 12,023 points, 42 points higher than the previous day’s close, with total trading valued at about $2.13bln

The Saudi stock market index has risen above the 12,000-point level, thanks to strong earnings from listed companies and global market declines. Analysts believe the index will keep climbing in the coming sessions.
On Monday, the market closed up 0.4% at 12,023 points, with trading volume around SAR 8 billion.
This is the fifth consecutive day of gains, driven by broad sector increases. Total trading was 346 million shares, with 142 companies seeing price increases and 81 companies experiencing declines.
Leading gainers included Buruj Insurance, Red Sea, Al-Bahah, and Saudi Re.
Financial analyst Mohamed Al-Saghir told Asharq Al-Awsat that the 12,000-point level is a key psychological milestone for investors.
He pointed out that the crucial level to watch is 11,954 points, which is a previous peak and support zone. The market’s stability at this level is important for avoiding recent downturns.
Al-Saghir also noted that the strong financial results from companies this year have been surprising and helped the market bounce back to 12,000 points.
He expects the index to reach new highs, potentially exceeding 13,949 points, reflecting overall economic growth in Saudi Arabia.
Also speaking to Asharq Al-Awsat, analyst Obaid Al-Muqati attributed the market’s rise to declines in global markets, including the Nikkei 225 and US indices, which led investors to turn to Saudi stocks.
He also pointed out that strong earnings across sectors, including a dividend from Saudi Aramco and high profitability in banking, are boosting the market.
Al-Muqati expects the market to continue rising, drawing investor interest amid Saudi Arabia’s economic development and Vision 2030 goals.