PIF launches Tasama to spice up Saudi entrepreneurship and tech ecosystem 

Saudi Arabia’s Public Funding Fund (PIF) has formally launched Tasama Enterprise Providers Firm, a nationwide platform aimed toward reworking the Kingdom’s enterprise companies panorama and accelerating progress throughout each private and non-private sectors.

The launch follows the merger of BIAC—a startup incubator and accelerator previously owned by TAQNIA, one other PIF portfolio firm—with the PIF’s Shared Providers Centre, creating a brand new nationwide champion for built-in enterprise companies.

Tasama will supply a complete suite of companies for startups in Saudi Arabia, together with:

• Accounting and monetary help
• Human assets and procurement companies
• Digital options and innovation platforms
• Startup incubation and acceleration
• Workspace and co-working options

PIF launches Tasama in Saudi Arabia

The corporate is designed to help native companies in each their startup and progress phases whereas additionally enabling worldwide firms headquartered in Saudi Arabia to function extra effectively.

Tasama CEO Mohammed bin Nasser Al-Jasser mentioned the corporate seeks to raise the enterprise companies sector as a strategic trade within the Kingdom and actively contribute to financial diversification by supporting very important sectors. He emphasised the corporate’s dedication to fostering innovation, empowering nationwide expertise, and growing Saudi capabilities, constructing on the achievements of BIAC in the private and non-private sectors.

He added that Tasama goals to play a pivotal position in growing the enterprise companies sector, turning into a key associate in shaping its future and selling the expansion of the know-how ecosystem and enterprise atmosphere within the Kingdom.

The launch aligns with the PIF’s strategic ambitions to diversify Saudi Arabia’s economic system, strengthen its know-how and enterprise ecosystems, and improve non-public sector participation.

Tasama may also assist entice and help international firms establishing their regional headquarters within the Kingdom—a key aim below the federal government’s regional HQ programme.