Bahri Logistics signs MoU with MOSOLF to collaborate on developing the automobile supply chain

Bahri Logistics signs MoU with MOSOLF to collaborate on developing the automobile supply chain

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