Costa Coffee and Kuwait Alghanim Industries to expand across Middle East
Yesterday it was announced that the UK coffee company Costa, is set to expand its presence in the Middle East by opening shops in Saudi Arabia, Oman, and Qatar. Alghanim Industries, one of the largest private-owned companies, will be assisting with this expansion following the succesfull partnership and launch of the coffee house in Kuwait.
The partnership has already met with strong success, and has 75 stores open, with 35 opening in the last year.
"Three traits are critical to success in the food and beverage sector," said Kutayba Y. Alghanim, Executive Chairman, Alghanim Industries. "You must have a patient, long-term outlook, you must act decisively when opportunity arises, and above all, you must put the customer at the heart of your business. We share these values with Costa Coffee, a world-class brand, which will grow even stronger following its acquisition by Coca-Cola. These shared values are the foundation of our work together, and the reason we look forward to an enduring, prosperous partnership."
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Alghanim Industries has worked with Costa to tailor its menu to suit local tastes such as the Spanish Latte, and the cardamom–infused Turkish latte.
"Coffee is a Middle Eastern creation. As far as historians can tell, drinking coffee traces back to the 15th century in our region," said Omar K. Alghanim, Group CEO, Alghanim Industries. "It comes as no surprise that most people in this region have a deep appreciation for good coffee. And that's why we're thrilled to grow with Costa Coffee, and to build on our success in Kuwait. We're ready to hit the ground running in Saudi Arabia, Oman, and Qatar, bringing world-class hand crafted coffee to some of the most sophisticated consumers in the world."
"Today marks another exciting new chapter for Costa Coffee in the Middle East," said Dominic Paul, CEO of Costa Coffee. "Our vision is to inspire the world to love great coffee and in Alghanim Industries we have an innovative and exciting partner who will help us unlock the next phase of growth in the Middle East, bringing further investment and job creation across a number of countries where demand for Costa Coffee is growing."
Alghanim Industries expects to open its first store outside Kuwait in Saudi Arabia by the fourth quarter of 2019.
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