Tasama Business Services Company, fully owned by Saudi Arabia’s Public Investment Fund (PIF), was officially launched to enhance the integrated business services and solutions ecosystem in the Kingdom and to drive growth across both public and private sectors.
The establishment of Tasama follows the merger of BIAC, an incubator and accelerator previously owned by the Saudi Technology Development and Investment Company (TAQNIA), which is part of the PIF portfolio, with the PIF’s Shared Services Center. This merger created a national entity specialized in delivering integrated business solutions and services, Saudi Press Agency (SPA) reported.
The company will offer a comprehensive suite of services aimed at improving operational efficiency and supporting businesses throughout their startup and growth phases. It will also facilitate operations for international companies based in the Kingdom. The services will include accounting support, human resources and procurement services, digital solutions, incubator programs, and workspace solutions.
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Promoting innovation and national talent
Tasama’s CEO, Eng. Mohammed bin Nasser Al-Jasser, stated that the company aims to elevate the business services sector as a strategic industry in the Kingdom and to actively contribute to economic diversification by supporting vital sectors. He emphasized the company’s commitment to fostering innovation, empowering national talent, and developing Saudi capabilities, building on the achievements of BIAC within both the public and private sectors.
He added that Tasama intends to play a pivotal role in developing the business services sector, becoming a key partner in shaping its future and promoting the growth of the technology ecosystem and business environment in the Kingdom.
Tasama seeks to expand its operations across various regions of the Kingdom in order to become the leading national provider of business services. This ambition aligns with the PIF’s strategic objectives of diversifying the national economy and strengthening partnerships with the private sector by supporting the growth of local companies and empowering international firms that select the Kingdom as their regional headquarters.
