New PIF Company Tasama Set to Propel Saudi Arabia's Business Services Growth

Riyadh, July 13, 2025, SPA -- Tasama Business Services Company, fully owned by the Public Investment Fund (PIF), was launched today to enhance the integrated business services and solutions ecosystem in the Kingdom and to drive growth across the 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), a PIF portfolio company, with the PIF’s Shared Services Center, creating a national entity specialized in delivering integrated business solutions and services.
   The company will offer a comprehensive package of services designed to enhance operational efficiency and support businesses through their startup and growth phases. It will also facilitate operations for international companies headquartered in the Kingdom. The services will include accounting support, human resources and procurement services, digital solutions, incubator programs, and workspace solutions.
   Tasama CEO Eng. Mohammed bin Nasser Al-Jasser stated that the company seeks to elevate the business services sector as a strategic industry in the Kingdom and 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 in the public and private sectors.
   He added that Tasama aims 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 to become the leading national provider of business services. This 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 companies that choose the Kingdom as their regional headquarters.
   -- SPA