Saudi Arabia, Riyadh: Bahri Logistics, a business unit of the national shipping carrier of Saudi Arabia, and the MOSOLF Group, one of the leading system service providers for the automotive industry in Europe, today announced the signing of a Memorandum of Understanding (MoU) aims to establish and develop an automotive logistics framework initially focused on Saudi Arabia with plans to expand across the Gulf Cooperation Council (GCC). The mutually beneficial agreement seeks to deploy innovative solutions that will enhance the automobile supply chain network domestically and regionally by harnessing both parties’ industrial expertise and shared resources.

With the support of the Ministry of Investment (MISA) the MoU was signed by Mr. Soror Basalom, President of Bahri Logistics, and Gregory Hancke, Vice Chairman of the Executive Board of the MOSOLF Group (COO), during the signing ceremony held at Ministry of Investment (MISA). Under the terms of the partnership, Bahri Logistics and German automotive supply chain experts MOSOLF will work collaboratively to develop and operate an automotive logistics system in the Kingdom that prioritizes B2B fulfillment and the application of industry-leading logistics practices.

The MoU is consistent with the Saudi Arabian Public Investment Fund’s (PIF) recent investments in the car industry, focusing on the luxury and electric vehicles markets. PIF, which owns a 22% stake in Bahri, is a majority shareholder in the American electric vehicle manufacturer Lucid Motors, which has agreed to build its second factory in Saudi Arabia’s King Abdullah Economic City in the near future. 

The MoU between Bahri Logistics and MOSOLF seeks to further fortify the Kingdom’s current automotive logistics supply chain.

Mr. Soror Basalom, President of Bahri Logistics, applauded the deal saying, “The signing of this agreement with MOSOLF is yet another calculated step on our journey to deliver world-class logistics services to our valued clients and customers. As Saudi Arabia continues to diversify its commercial sector and lay the foundation to manufacture 300,000 cars annually by 2030, we at Bahri Logistics are proud to heed the call to operational excellence. This valuable partnership will help develop the automotive logistics market as we continue to innovate our services and work in step towards the transformative objectives of Vision 2030.”

Gregory Hancke, COO at the MOSOLF Group, added: “This strategic partnership is an important step for our company to enter new markets and, most importantly, to take the company to a new level in the industry. The MOSOLF Group is one of the leading system service providers in the automotive industry in Europe. We are ready to bring our long-standing European innovative and reliable expertise to this exciting project and share it with our partners. We are ready to bring our long-standing European expertise in innovation and reliability to this exciting project and share it with our partners. The Memorandum of Understanding that we have now signed is proof that our services are recognized and in demand beyond the continent’s borders. By drawing on our companies’ backgrounds, MOSOLF Group and Bahri Logistics will create the best conditions for the innovative and sustainable development of the automotive market in Saudi Arabia and the GCC.”

Bahri Logistics’ partnership with MOSOLF aligns with the Kingdom’s push towards developing world-class infrastructure for its sectors and improving its global connectivity and access to markets across the world.

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About MOSOLF Group:

The MOSOLF Group is one of the leading system service providers for the automobile industry in Europe. The range of services at the family business, which was founded in 1955 and has its headquarters in Kirchheim unter Teck, includes tailor-made logistics, technical and service solutions. These are provided using a network of business sites across Europe and a multi-modal fleet that combines different means of transport. MOSOLF focuses on ecological and sustainable transport concepts with the goal of Green Logistics. The spectrum of services provided by the MOSOLF Group covers the complete value-added chain for automobile logistics: ranging from the end of the production line to retail or the end customer. In addition to the transport of vehicles (passenger cars, light and heavy commercial vehicles), the portfolio also includes releasing agent services, workshop services, special vehicle construction, industrial painting, mobility services and the provision of services on-site at local car dealerships.

Within this context, MOSOLF provides all-round, customized solutions for the automobile industry, fleet operators and dealers from one source and also handles the associated data flow using modern software solutions.

In addition to our broad portfolio of tailor-made logistics, technical and service solutions, we create digital solutions along the value-added chain. Our platform MYOUR provides solutions for short idle times, a small inventory and accelerated cash-to-cash cycles. In doing so, we give the market participants the freedom of choice they need. We connect market participants and create comprehensive transparency over the entire vehicle life cycle. www.mosolf.com

About MISA

The ongoing transformation of Saudi Arabia under the Vision 2030 economic development and diversification plan is unlocking new investment opportunities at an unprecedented pace. The Ministry of Investment of Saudi Arabia (MISA) is facilitating access to these opportunities by developing a vibrant cross-government investment ecosystem, facilitated by Saudi Arabia’s National Investment Strategy. Through a network of representative offices across the world, MISA partners with businesses of all scales and sizes to help make investing in Saudi Arabia as simple as possible. Overseen by Saudi Arabia’s Ministry of Investment (MISA), Invest Saudi is the Kingdom’s investment attraction and promotion entity charged with communicating and facilitating investment opportunities. Invest Saudi is the primary point of contact for foreign investors seeking information and assistance before, during and after their entry into Saudi Arabia. It is committed to working in partnership with potential and current investors to make their investment journey a seamless experience.