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Saudi Arabia continues to make bold strides in reshaping its business environment and the latest move comes from none other than the Public Investment Fund (PIF). In a strategic effort to bolster the Kingdom’s economic transformation, PIF has officially launched Tasama, a new company aimed at delivering world-class business services across the country.
What is Tasama?
Tasama is a newly established business services platform under the PIF umbrella, created to provide premium shared services to both public and private sector clients. Its core focus lies in enhancing efficiency, innovation, and productivity across businesses operating in Saudi Arabia.
Why is Tasama Important?
Saudi Arabia is on a fast-paced journey toward becoming a global investment hub. As businesses grow, the need for integrated, high-quality support services becomes more crucial than ever. Tasama bridges this gap, offering scalable and reliable back-office operations that help businesses focus on their core missions.
According to the official PIF announcement, Tasama will play a key role in:
- Supporting economic diversification by enabling SMEs, corporates, and government entities to optimize their operations.
- Reducing costs and increasing efficiency through centralized service delivery.
- Driving adoption of AI and digital transformation tools across sectors.
Strategic Vision Aligned with Vision 2030
With Vision 2030 guiding the country’s economic blueprint, Tasama is a critical pillar that aligns with national objectives. It supports job creation, strengthens infrastructure, and enhances operational excellence across industries especially in finance, HR, procurement, and IT support services.
Backed by PIF’s Global Expertise
As Saudi Arabia’s sovereign wealth fund, PIF has been instrumental in establishing some of the Kingdom’s most innovative companies. Tasama benefits from this experience and is expected to operate with international benchmarks of quality and governance.
With PIF’s track record in sectors like logistics, tourism, finance, and tech, Tasama is poised to become the go-to provider for shared business services in the region.
What This Means for Investors and Businesses
For businesses looking to set up or expand in Saudi Arabia, Tasama offers:
- A streamlined onboarding experience
- Access to highly specialized business services
- Greater operational control with cost-effective solutions
At J K Management Consultancies, we view Tasama’s launch as a game-changer. This move strengthens Saudi Arabia’s investment climate and provides another strong reason for global companies to enter or grow in the market.
Key Takeaways:
- Tasama is a new shared services company launched by PIF.
- It provides premium business services to public and private sectors.
- Supports Saudi Arabia’s Vision 2030 goals
- Positioned to accelerate digital transformation and cost efficiency.
Need Help Setting Up in Saudi Arabia?
Whether you’re a startup or an established firm, J K Management Consultancies can help you navigate the evolving Saudi business landscape especially with opportunities emerging through platforms like Tasama.
Contact us today to explore business setup, licensing, and strategic partnerships in the Kingdom.
