Latest news with #Tasama
Gulf Business
a day ago
- Business
- Gulf Business
PIF unveils Tasama Business Services Company to boost Saudi business ecosystem
Image: Saudi Press Agency 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. The newly established New PIF Company Tasama Set to Propel Saudi Arabia's Business Services Growth. — SPAENG (@Spa_Eng) 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.
CairoScene
a day ago
- Business
- CairoScene
Saudi PIF Launches Tasama to Lead National Business Services Sector
Tasama will offer HR, accounting, procurement, and digital services as Saudi Arabia works to enhance business infrastructure under Vision 2030. Jul 14, 2025 Saudi Arabia's Public Investment Fund (PIF) has officially launched Tasama Business Services Company, a new entity tasked with transforming the Kingdom's business services landscape. The move is part of PIF's broader strategy to support economic diversification and private sector development under Vision 2030. Formed through the consolidation of the Business Incubators and Accelerators Company (formerly part of TAQNIA) and PIF's internal Shared Services Center, Tasama is set to become a national platform offering end-to-end business support services. These include accounting, human resources, procurement, digital solutions, incubation services, and shared workspaces. The company will serve a broad range of clients, including government agencies, local entrepreneurs, and international companies establishing regional headquarters in Saudi Arabia. Tasama is expected to expand its footprint across the Kingdom, playing a key role in supporting entrepreneurship and business growth through streamlined, professional service delivery. The launch reinforces PIF's efforts to strengthen Saudi Arabia's business environment and enable long-term, sustainable growth.
Zawya
2 days ago
- Business
- Zawya
PIF launches Tasama to boost Saudi business services sector
RIYADH — The Public Investment Fund (PIF) announced the launch of Tasama Business Services Company, a fully owned subsidiary designed to strengthen Saudi Arabia's integrated business solutions ecosystem and support growth across both public and private sectors. Tasama is the result of a merger between BIAC, a former subsidiary of Saudi Technology Development and Investment Company (TAQNIA), and PIF's Shared Services Center. The new entity aims to serve as a national provider of comprehensive business services, streamlining operations and enabling efficiency. The company will offer a full suite of services, including accounting support, HR and procurement services, digital solutions, incubator operations, and workspace solutions. These services are tailored to empower startups and support global companies operating in Saudi Arabia. Tasama CEO Eng. Mohammed Al-Jasser said the company is committed to elevating the business services sector, positioning it as a strategic pillar of the national economy. He highlighted Tasami's role in fostering innovation, developing Saudi talent, and building on BIAC's legacy of success across the public and private sectors. Al-Jasser added that Tasama will be a driving force in shaping the future of business services in the Kingdom, contributing to the expansion of Saudi Arabia's tech ecosystem and enabling a dynamic business environment. As part of its national growth strategy, Tasama plans to expand its footprint across the Kingdom to become the leading provider of business services, aligning with PIF's broader objectives of economic diversification and private sector enablement under Vision 2030. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arabian Business
2 days ago
- Business
- Arabian Business
PIF launches Tasama to boost Saudi entrepreneurship and tech ecosystem
Saudi Arabia's Public Investment Fund (PIF) has officially launched Tasama Business Services Company, a national platform aimed at transforming the Kingdom's business services landscape and accelerating growth across both public and private sectors. The launch follows the merger of BIAC—a startup incubator and accelerator formerly owned by TAQNIA, another PIF portfolio company—with the PIF's Shared Services Centre, creating a new national champion for integrated business services. Tasama will offer a comprehensive suite of services for startups in Saudi Arabia, including: Accounting and financial support Human resources and procurement services Digital solutions and innovation platforms Startup incubation and acceleration Workspace and co-working solutions PIF launches Tasama in Saudi Arabia The company is designed to support local businesses in both their startup and growth phases while also enabling international companies headquartered in Saudi Arabia to operate more efficiently. Tasama CEO Mohammed bin Nasser Al-Jasser said 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. The launch aligns with the PIF's strategic ambitions to diversify Saudi Arabia's economy, strengthen its technology and business ecosystems, and enhance private sector participation. Tasama will also help attract and support foreign companies establishing their regional headquarters in the Kingdom—a key goal under the government's regional HQ programme.
Leaders
2 days ago
- Business
- Leaders
Saudi Arabia's PIF Launches Tasama to Revolutionize Business Services
Saudi Arabia's Public Investment Fund (PIF) has launched Tasama, a groundbreaking platform designed to elevate business services across the Kingdom. This initiative targets local enterprises and global firms establishing regional hubs, offering tailored solutions to fuel growth. The merger of Business Incubators and Accelerators Co. (BIAC) with PIF's Shared Services Center birthed Tasama. BIAC, formerly under TAQNIA, brings expertise in public-private partnerships, while PIF contributes financial muscle and strategic vision. Together, they aim to streamline operations for businesses navigating Saudi Arabia's dynamic market. Aligning With Vision 2030 Tasama's launch aligns with PIF's mandate to diversify Saudi Arabia's economy. By accelerating local enterprise growth and simplifying entry for international firms, the platform reinforces the Kingdom's position as a global investment hub. This move also mirrors PIF's broader shift toward sustainable growth, prioritizing long-term value over rapid expansion. Mohammed bin Nasser Al-Jasser, Tasama's CEO, emphasized the firm's role in advancing Saudi Arabia's business ecosystem. 'We're committed to fostering innovation, empowering local talent, and strengthening national capabilities,' he stated. Under his leadership, Tasama will bridge gaps between sectors, driving efficiency and competitiveness. Comprehensive Services for Business Success Tasama offers end-to-end solutions, including accounting, HR, procurement, and digital tools. Its portfolio extends to incubators, workspace solutions, and growth-phase support, ensuring businesses thrive from inception to scale. International firms eyeing Saudi Arabia will find tailored guidance to establish regional bases seamlessly. As Tasama debuts, PIF surpasses $1.15 trillion in assets, signaling robust financial health. Global SWF reports the fund now prioritizes 'solvency over scale,' reflecting a strategic recalibration. This shift balances ambitious Vision 2030 projects with fiscal discipline, ensuring responsible capital deployment locally and globally. Tasama plans a nationwide rollout, aspiring to become Saudi Arabia's top business services provider. By integrating cutting-edge tech and fostering partnerships, it aims to reshape the Kingdom's commercial landscape. This expansion will amplify job opportunities, attract foreign investment, and cement Saudi Arabia's status as a forward-thinking economy. Tasama's launch marks a pivotal step in Saudi Arabia's economic transformation. With PIF's backing and a focus on innovation, the platform is poised to drive efficiency, attract global players, and empower local enterprises—solidifying the Kingdom's place as a leader in the new global economy. Short link : Post Views: 19
