Tasama Launched as Leading Provider of Business Services in Saudi Arabia

Tasama Business Services Company (Tasama), a wholly owned subsidiary of PIF, has been launched to strengthen Saudi Arabia’s thriving business ecosystem and drive further economic growth in both public and private sectors. Formed by integrating the Business Incubators and Accelerators Company (BIAC), previously owned by the Saudi Technology Development and Investment Company (TAQNIA) – a PIF portfolio company – with PIF’s Shared Services Center, Tasama aims to become a national leader, providing end-to-end business services.

The newly integrated company will offer a comprehensive range of business services aimed at enhancing operational efficiency, and working with businesses in their establishment and growth phases. Tasama will also support global companies in establishing their regional headquarters in Saudi Arabia. The company offers end-to end back-office setup and operations across finance, human resources and procurement. Tasama also offers project management services, implementation of digital solutions, and advanced incubation and workspace solutions.

H.E. Eng. Mohammed N. AlJasser, CEO of Tasama, said: “At Tasama, we seek to elevate business services as a strategic sector in Saudi Arabia, and actively contribute to economic diversification by supporting emerging and strategic sectors. As a commercial entity, we are aligned with Saudi Arabia’s growth ambitions and national development goals.” He added: “The company is committed to nurturing national talent, accelerating innovation, and enhancing national capabilities by drawing on BIAC’s proven track record of success across the public and private sectors. We aim to shape the development and maturity of the business services industry and become a driving force in the sector’s evolving landscape.”

Tasama plans to expand its operations across Saudi Arabia as it works to become the preferred provider of business services nationwide. The launch of Tasama supports PIF’s broader strategy to diversify the economy and work with the private sector through fostering new local startups and by supporting global companies in establishing regional headquarters in Saudi Arabia.