The Public Investment Fund (PIF) launched Tasami Business Services Company, a new subsidiary designed to strengthen the local business services sector, Al Arabiya reports. The company was created through the merger of the Business Incubators and Accelerators Company (BIAC) with PIF’s Shared Services Center.

Tasami will offer a comprehensive suite of services across three main tracks, CEO Mohammed Al Jasser told Al Arabiya (watch, runtime: 6:31). These include foundational business setup services such as office spaces and technology infrastructure; smart shared services that use technology across HR, finance, accounting, and procurement; and advanced offerings including innovation system management, marketing, business development, and data solutions.

Target clientele: Tasami aims to serve a wide range of clients, including public-sector institutions, private companies, and international firms looking to establish regional headquarters in Riyadh.

The company will prioritize supporting foreign companies in entering the Saudi market — assisting with registration, licensing, and operational setup, Al-Jasser said.

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