Riyadh, Saudi Arabia — The Public Investment Fund (PIF) has unveiled Tasama, a wholly owned business-services company formed by merging BIAC and PIF’s Shared Services Center. The new company supports the Kingdom’s efforts to diversify the economy and build a robust services ecosystem.

Tasama provides a full range of services, including accounting, HR, procurement, digital solutions, incubator support, and workspace provisioning. Its mission is to improve efficiency for new and existing enterprises, including global companies in Saudi Arabia.

Eng. Mohammed bin Nasser Al-Jasser, CEO of Tasama, highlighted the firm’s strategic role in elevating business services. He stated that Tasama will help diversify the economy, foster public-private collaboration, encourage innovation, and build national capabilities, expanding on BIAC’s prior experience.

Tasama intends to expand across Saudi Arabia and lead the integrated business services sector, which aligns with PIF’s long-term development objectives.

PIF Tasama business services and Vision 2030 diversification

By merging BIAC with the Shared Services Center, PIF has combined capabilities into Tasama. This move supports Vision 2030’s goal to develop the services ecosystem. Tasama is well-positioned to enhance SME growth, improve outsourcing models, and streamline digital and administrative operations.

Although detailed financial data has not been released, Tasama aligns with PIF’s strategy to turn business support into a national sector, similar to Thiqah and Humain, which focus on ICT and digital services.

Strengthening Saudi public-private service integration

Tasama contributes directly to Vision 2030 by enhancing service links between the public and private sectors. Its workspace solutions, incubation support, and shared operations serve SMEs and multinational headquarters.

This initiative supports PIF’s vision of creating national champions. By combining BIAC’s startup expertise with shared services infrastructure, Tasama enhances the business ecosystem and bridges institutional service gaps.

Future outlook for Tasama and PIF business services

Tasama’s national expansion plans aim to establish it as Saudi Arabia’s leading business services provider. Its success will depend on quick rollout, consistent service delivery, and seamless integration with public-private frameworks.

With PIF’s backing, Tasama is equipped to influence the service economy at scale. It represents PIF’s shift from passive investment to hands-on economic development. Tasama could become a flagship institution supporting enterprise growth across the Kingdom.

 

 

The Saudi Standard’s View: Tasama Signals a New Era for Saudi Business Services

The launch of Tasama, a PIF-owned company, marks a significant milestone in institutional development. By uniting BIAC and PIF’s Shared Services Center, the company consolidates core capabilities into a national platform that enables progress in the public and private sectors.

  • Integrated Support, Strategic Reach: Tasama delivers key services—from accounting and HR to digital solutions—streamlining operations for Saudi businesses and supporting global firms.
  • A New Pillar in Economic Diversification: The move reinforces Vision 2030’s emphasis on expanding the services economy, positioning Tasama as a driver of private sector strength.
  • Built on Proven Institutional Experience: Using BIAC and PIF expertise, Tasama is structured for scale and quality across Saudi business infrastructure.
  • Empowering Talent and Fostering Innovation: Tasama is expected to drive employment, skill-building, and innovation, contributing to PIF’s national goals.

Tasama reflects Saudi Arabia’s evolution toward smart, integrated support systems that enhance long-term economic resilience.

 

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