Saudi PIF Launches Tasama to Boost Business Services Sector

SPA

Riyadh, July 13 (Saudi Arabia Breaking News) – The Public Investment Fund (PIF) has announced the launch of Tasama Business Services Company, a fully owned entity designed to enhance the integrated business services ecosystem in Saudi Arabia and drive growth across the public and private sectors.

Tasama was formed through the merger of BIAC, an incubator and accelerator previously owned by the Saudi Technology Development and Investment Company (TAQNIA), and the PIF’s Shared Services Center, creating a national company specialized in delivering comprehensive business solutions.

The company will provide a wide range of services including accounting support, human resources and procurement services, digital solutions, incubator programs, and workspace solutions. It will also support the operations of international firms choosing Saudi Arabia as their regional headquarters.

Tasama CEO Eng. Mohammed bin Nasser Al-Jasser said the company aims to elevate the business services sector as a strategic industry, contribute to economic diversification, and foster innovation and Saudi talent. He noted that Tasama will build on BIAC’s achievements and expand its operations across the Kingdom.

The initiative aligns with the PIF’s strategic objectives to diversify the national economy and strengthen partnerships with the private sector by supporting local businesses and enabling international firms to grow in the Kingdom