Saudi’s PIF launches the Tasama Business Services Company

Saudi Arabia’s Public Investment Fund (PIF) has launched Tasama Business Services Company, a new national entity aimed at strengthening the kingdom’s integrated business services and solutions sector and driving economic growth across public and private sectors, the Saudi Press Agency (SPA) reported.

Tasama was created following the merger of BIAC, an incubator and accelerator formerly owned by the Saudi Technology Development and Investment Company (TAQNIA), a PIF portfolio company, and the PIF’s Shared Services Center.

The newly established company will deliver comprehensive business solutions to support companies from startup through to scale-up.

New PIF Company Tasama Set to Propel Saudi Arabia’s Business Services Growth.https://t.co/YtghhFghFM#SPAGOV pic.twitter.com/y9yhakbynN

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Tasama will cover all the following areas

The company’s service offerings will span accounting support, human resources, procurement services, digital tools, incubation programmes, and workspace solutions.

Tasama is also expected to support international firms operating or establishing regional headquarters in the kingdom, aligning with Saudi Arabia’s push to attract foreign investment.

Tasama CEO Engineer Mohammed bin Nasser Al-Jasser said the company aims to position the business services sector as a strategic pillar of Saudi Arabia’s economy, fostering innovation, supporting entrepreneurship, and cultivating local talent.

“Our goal is to transform the business services landscape, becoming a leading national partner in advancing the technology ecosystem and enabling operational efficiency,” Al-Jasser said. “We are committed to developing Saudi capabilities and driving economic diversification in line with the PIF’s long-term strategy.”

The company plans to expand across Saudi Arabia’s regions, offering its solutions to a wide base of local and international clients. Its launch marks another milestone in PIF’s mission to bolster the kingdom’s non-oil economy, promote private sector growth, and position Saudi Arabia as a regional business hub.