Bahri Logistics, a business unit of the national shipping carrier of Saudi Arabia, and the Germany-based MOSOLF Group, one of the leading system service providers for the automotive industry in Europe, have signed a Memorandum of Understanding (MoU) to establish and develop an automotive logistics framework.
The agreement seeks to deploy innovative solutions, initially focused on Saudi Arabia with plans to expand across the Gulf Cooperation Council (GCC), 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 partnership, both entities will collaborate on an automotive logistics system in the Kingdom that prioritizes B2B fulfillment and the application of industry-leading logistics practices.
“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 a step towards the transformative objectives of Vision 2030.”
Mr. Gregory Hancke, COO at the MOSOLF Group, stated that “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.”