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Investment Contract for Saudi Arabia’s First Coffee-Growing City Signed

A veiled woman makes coffee as she works at a coffee shop in Tabuk, Saudi Arabia, Reuters
A veiled woman makes coffee as she works at a coffee shop in Tabuk, Saudi Arabia, Reuters
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Investment Contract for Saudi Arabia’s First Coffee-Growing City Signed

A veiled woman makes coffee as she works at a coffee shop in Tabuk, Saudi Arabia, Reuters
A veiled woman makes coffee as she works at a coffee shop in Tabuk, Saudi Arabia, Reuters

The Saudi Ministry of Environment, Water and Agriculture has signed an investment contract for the first “coffee city” in the Kingdom.

The deal with the Agricultural Cooperative Society in Baljurashi, which lasts for 15 years, was signed under the patronage of Abdul Rahman Al-Fadhli, the Minister of Environment, Water, and Agriculture, and in the presence of Undersecretary for Agriculture Ahmed Al-Ayada.

The ministry said that the agreement aims to achieve sustainability of agricultural products and crops, encourage agricultural investment, develop vegetation cover, create local job opportunities, and enhance the role of cooperative societies in the Kingdom.

The agreement includes the cultivation of 300,000 coffee arabica seedlings and pomegranate trees on a 1,662,373-square-meter site in the village of Mashuqa, in Al-Qura governorate, Al-Baha.

It will include a model farm, an integrated nursery for cultivating coffee seedlings, and an industrial center that includes workshops, warehouses, a business center, on-site accommodation, a training center, and a mosque.

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Report: EU to Vote on Oct 4 to Finalize Tariffs for China-made EVs

A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
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Report: EU to Vote on Oct 4 to Finalize Tariffs for China-made EVs

A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)

The European Union is planning to vote on whether to introduce tariffs as high as 45% on imported electric vehicles made in China on Oct. 4, Bloomberg News reported on Saturday, citing people familiar with the matter.
Member states have received a draft of the regulation for the proposed measures, the report said, adding that the new date could still change.
According to the report, the vote among the bloc's member states was slightly delayed amid last-minute negotiations with Beijing to try to find a resolution that would avoid the new levies.
The European Commission did not immediately respond to a Reuters request for comment.
The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China, on top of the EU's standard 10% car import duty.
The proposed final duties will be subject to a vote by the EU's 27 members. They will be implemented by the end of October unless a qualified majority of 15 EU members representing 65% of the EU population votes against the levies.