RIYADH: To bolster the Kingdom’s automotive logistics industry, TASARU Mobility Investments, a business wholly owned by Saudi Arabia’s Public Investment Fund, has joined forces with Bahri and Mosolf Group to form a joint venture. TASARU CEO Michael Mueller told Arab News in an interview at the Private Sector Forum in Riyadh on February 12 that this partnership is a calculated move to satisfy the expanding demand in the mobility and automotive sectors, especially in the market for electric vehicles.
The collaboration is in line with Saudi Arabia’s larger Vision 2030 plan, which seeks to establish the Kingdom as a major hub for international logistics while assisting in the attainment of its net-zero emissions targets through the encouragement of EV adoption.
The joint venture is intended to offer creative and all-inclusive logistics solutions that are customised to meet the unique requirements of Saudi Arabia’s automotive and mobility industries. “It is more of a cooperation joint venture here on the ground to establish logistics services, in respect of, specifically more or less towards electrification and EV cars,” Mueller remarked in reference to the agreement reached with Bahri and Mosolf Group.
Finally, we are working with two partners who have expertise in marine logistics and the local workforce. Thus, this is a fantastic chance to advance the logistics industry, particularly in the field of electric cars.
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