PIF launches “TASAMA,” a business services provider

The launch of TASAMA Business Services Company (TASAMA), wholly owned by the Public Investment Fund (PIF), was announced. It aims to enhance the Kingdom’s integrated business solutions and services ecosystem and enable further growth for the public and private sectors. The company’s launch comes through the integration of the Business Incubators and Accelerators Company (BIAC), previously owned by the Saudi Technology Development and Investment Company (TAQNIA), a portfolio company of the fund, with the fund’s Shared Services Center. It aims to become a leading national company in the field of integrated business solutions services.

TASAMA will provide a comprehensive suite of business services aimed at enhancing and improving operational efficiency, assisting companies in their establishment and growth phases, and facilitating the operations of global companies establishing their headquarters in the Kingdom. The company will provide full support and accounting services to companies, in addition to human resources, procurement, digital solutions, incubator services, and workspace solutions. Commenting on the launch of the company, Eng. Mohammed bin Nasser Al-Jasser, CEO of TASAMA, said: “The company seeks to advance business services as a strategic sector in the Kingdom and contribute effectively to supporting economic diversification by providing support to strategic sectors.” He added that the company is committed to promoting innovation, providing support to Saudi talent, and developing national capabilities, building on BIAC’s proven track record in both the public and private sectors. It also focuses on developing the business services sector to become a supporting partner in shaping the future of the services sector and its continuous development, enhancing the growth of the technology ecosystem and the entire business environment in the Kingdom.

TASAMA intends to expand its operations across the Kingdom of Saudi Arabia, aiming to become the premier provider of business services at the national level. The launch of Tasamy supports the Public Investment Fund’s broader strategic objectives to diversify the economy and strengthen partnerships with the private sector by contributing to the growth of local companies and supporting international companies establishing their headquarters in the Kingdom.