Saudi Arabia’s Public Investment Fund (PIF) has launched Tasama Business Services Company, a new entity created through the merger of its Shared Services Center and BIAC, a business incubator previously owned by TAQNIA, a PIF portfolio company.
Tasama will operate as a national provider of integrated business services aimed at improving operational efficiency across both public and private sectors. The company will offer a suite of support functions, including accounting, human resources, procurement, digital solutions, incubation programmes, and workspace services.
The launch is part of PIF’s strategy to expand the domestic business services industry and strengthen infrastructure for companies operating or headquartered in Saudi Arabia. It also supports PIF’s broader goals to diversify the economy and increase private sector contribution to GDP.
Tasama CEO Mohammed bin Nasser Al-Jasser said the company will focus on enabling startups, supporting SME growth, and providing back-office services to international companies entering the Saudi market. The company will scale its operations across multiple regions and aims to become the leading national platform for business support.
The announcement follows a series of PIF-backed initiatives aimed at building domestic capabilities in logistics, technology, and corporate services. Tasama will operate within that broader framework, seeking to standardise service delivery and reduce operational bottlenecks for businesses in the Kingdom.
