RIYADH: Saudi Arabia’s TASARU is boosting German-based premium chauffeur services company Blacklane’s entry into the Kingdom through a strategic investment, says the CEO.
In an interview with Arab News during the Future Investment Initiative in Riyadh, Michael Mueller – head of the Public Investment Fund subsidiary – emphasized the alignment between Blacklane’s mission and Saudi Arabia’s Vision 2030, which includes objectives for a sustainable and localized premium transportation sector.
“Blacklane is a ride-hailing company that finally focuses on premium chauffeur services and they want to establish a business here in Saudi Arabia and this is finally where we found a very good match into the strategy 2030 of KSA to have a sustainable, premium chauffeur service that finally wants to localize and establish their business here,” he said.
In addition to providing chauffeur services, Blacklane plans to establish a training academy in the Kingdom, which…