13-02-2025
- Automotive
- Arabian Business
Saudi Arabia launches automotive logistics powerhouse through 3-way partnership
TASARU Mobility Investments (TASARU), a Saudi PIF-owned investment entity, announced the launch of a joint venture with Bahri, the National Shipping Company of Saudi Arabia, and MOSOLF Group, a leading European provider of automotive logistics and technology solutions.
This joint venture aims to deliver comprehensive and innovative logistics solutions tailored to meet the needs of the automotive and mobility sectors in Saudi Arabia.
Saudi Arabia automotive logistics solutions
It aims to promote the concept of sustainable logistics innovation by leveraging advanced technologies and developing infrastructure that supports the transformation of the automotive and mobility landscape.
The JV will leverage the strength of all three partners to deliver integrated, world-class logistics solutions for the automotive and mobility sectors in Saudi Arabia.
TASARU's primary role in this strategic investment involves providing essential capital, facilitating access to the local market, and strengthening the ability of automotive companies to efficiently manage their operations within the Kingdom while effectively meeting market demand.
Michael Mueller, Chief Executive Officer of TASARU, said the partnership represents a strategic investment to address increasing demand in the automotive and mobility sectors.
'This joint venture is one of many initiatives that signify a critical step toward enhancing the Kingdom's global competitiveness and driving sustainable logistics innovation in the automotive and mobility sectors,' he said.
نفخر بشراكتنا مع @BahriLogistics و Mosolf لإطلاق مشروع استراتيجي مبتكر في قطاع الخدمات اللوجستية للسيارات في المملكة.
يجمع هذا المشروع بين نقاط القوة لكل شريك لتقديم حلول لوجستية متكاملة تلبي احتياجات السوق في قطاع السيارات، بما يتماشى مع رؤية المملكة 2030.
— TASARU Mobility Investments (@tasaruksa) February 12, 2025
Leveraging its extensive expertise in maritime transportation and logistics, Bahri Logistics will play a pivotal role in overseeing the shipping and operational aspects of the joint venture.
As a global leader in maritime operations, Bahri operates across five key business units – oil, chemicals, logistics, dry bulk, and ship management.
Soror Basalom, President of Bahri Integrated Logistics, said the collaboration with Mosolf Group's technical expertise and TASARU's investment prowess brings together to the company a robust automotive logistics infrastructure and solutions.
'This joint venture not only boosts our operational capabilities but also enhances the efficiency of vehicle import and export operations and supports the growth of the local manufacturing infrastructure,' he said.
Building on its position as a leading Germany-based automotive logistics provider, Mosolf Group will leverage its extensive experience managing large-scale operations across Europe.
By drawing on this vast expertise, Mosolf will bring advanced technical knowledge, logistical support, and industry best practices to the joint venture.
Dr. Jörg Mosolf, Chief Executive Officer of Mosolf Group, said the company's experience in managing the transport of three million vehicles annually across more than 41 technical and logistics centers in Europe positions it uniquely to bring best practices and advanced logistics solutions to the JV.
