Latest news with #BIAC
Leaders
3 days ago
- Business
- Leaders
Saudi Arabia's PIF Launches Tasama to Revolutionize Business Services
Saudi Arabia's Public Investment Fund (PIF) has launched Tasama, a groundbreaking platform designed to elevate business services across the Kingdom. This initiative targets local enterprises and global firms establishing regional hubs, offering tailored solutions to fuel growth. The merger of Business Incubators and Accelerators Co. (BIAC) with PIF's Shared Services Center birthed Tasama. BIAC, formerly under TAQNIA, brings expertise in public-private partnerships, while PIF contributes financial muscle and strategic vision. Together, they aim to streamline operations for businesses navigating Saudi Arabia's dynamic market. Aligning With Vision 2030 Tasama's launch aligns with PIF's mandate to diversify Saudi Arabia's economy. By accelerating local enterprise growth and simplifying entry for international firms, the platform reinforces the Kingdom's position as a global investment hub. This move also mirrors PIF's broader shift toward sustainable growth, prioritizing long-term value over rapid expansion. Mohammed bin Nasser Al-Jasser, Tasama's CEO, emphasized the firm's role in advancing Saudi Arabia's business ecosystem. 'We're committed to fostering innovation, empowering local talent, and strengthening national capabilities,' he stated. Under his leadership, Tasama will bridge gaps between sectors, driving efficiency and competitiveness. Comprehensive Services for Business Success Tasama offers end-to-end solutions, including accounting, HR, procurement, and digital tools. Its portfolio extends to incubators, workspace solutions, and growth-phase support, ensuring businesses thrive from inception to scale. International firms eyeing Saudi Arabia will find tailored guidance to establish regional bases seamlessly. As Tasama debuts, PIF surpasses $1.15 trillion in assets, signaling robust financial health. Global SWF reports the fund now prioritizes 'solvency over scale,' reflecting a strategic recalibration. This shift balances ambitious Vision 2030 projects with fiscal discipline, ensuring responsible capital deployment locally and globally. Tasama plans a nationwide rollout, aspiring to become Saudi Arabia's top business services provider. By integrating cutting-edge tech and fostering partnerships, it aims to reshape the Kingdom's commercial landscape. This expansion will amplify job opportunities, attract foreign investment, and cement Saudi Arabia's status as a forward-thinking economy. Tasama's launch marks a pivotal step in Saudi Arabia's economic transformation. With PIF's backing and a focus on innovation, the platform is poised to drive efficiency, attract global players, and empower local enterprises—solidifying the Kingdom's place as a leader in the new global economy. Short link : Post Views: 19
Saudi Gazette
3 days ago
- Business
- Saudi Gazette
PIF launches Tasama to boost Saudi business services sector
Saudi Gazette report RIYADH — The Public Investment Fund (PIF) announced the launch of Tasama Business Services Company, a fully owned subsidiary designed to strengthen Saudi Arabia's integrated business solutions ecosystem and support growth across both public and private sectors. Tasama is the result of a merger between BIAC, a former subsidiary of Saudi Technology Development and Investment Company (TAQNIA), and PIF's Shared Services Center. The new entity aims to serve as a national provider of comprehensive business services, streamlining operations and enabling efficiency. The company will offer a full suite of services, including accounting support, HR and procurement services, digital solutions, incubator operations, and workspace solutions. These services are tailored to empower startups and support global companies operating in Saudi Arabia. Tasama CEO Eng. Mohammed Al-Jasser said the company is committed to elevating the business services sector, positioning it as a strategic pillar of the national highlighted Tasami's role in fostering innovation, developing Saudi talent, and building on BIAC's legacy of success across the public and private added that Tasama will be a driving force in shaping the future of business services in the Kingdom, contributing to the expansion of Saudi Arabia's tech ecosystem and enabling a dynamic business part of its national growth strategy, Tasama plans to expand its footprint across the Kingdom to become the leading provider of business services, aligning with PIF's broader objectives of economic diversification and private sector enablement under Vision 2030.
Borneo Post
09-06-2025
- Business
- Borneo Post
Shanghai university students to carry out mobility programme at UMS
Dr Kasim receives a memento from Professor Dr Yue Haiyang, Vice President of USST. KOTA KINABALU (June 9): University of Shanghai for Science and Technology (USST) and Universiti Malaysia Sabah (UMS) have partnered to allow 50 business students from USST to carry out a mobility programme at UMS. This effort is in line with UMS' aim to achieve global visibility. 'As we begin this new chapter of collaboration with the University of Shanghai for Science and Technology, I am hopeful that this partnership will further enhance the reach and reputation of both our institutions,' said UMS Vice Chancellor, Professor Datuk Dr Kasim Hj Mansor in his speech in conjunction with the signing ceremony of the Cooperation Agreement of International Short-Term Study Programme (Faculty of Business, Economics and Accountancy (FBEA) Mobility Programme) between UMS and USST at UMS on Monday. He said that through credited mobility programmes and mutual exchange, UMS aims to strengthen academic ties, promote intercultural understanding, and advance collaborative research and innovation on a global scale. Earlier in his speech, Dr Kasim said that UMS is situated in the heart of Borneo and proudly stands as one of Southeast Asia's most beautiful and environmentally conscious campuses. 'We are a university that harmonizes academic pursuit with nature, culture and sustainability.' 'With a strong commitment to internationalization, we continuously strive to offer a truly global learning environment that is rich in diversity and experience,' he said. He also said that the Faculty of Business, Economics and Accountancy (FBEA) led by Associate Professor Dr Mohd Rahimie Abd Karim has taken significant strides toward this goal by introducing the International Mobility Business Experience (IMBE), a credited mobility programme designed to blend academic learning with practical exposure, cultural interaction and leisure. 'This initiative reflects our core belief in holistic and meaningful global education,' he said. He also commended the success of the first International Mobility Business Experience (IMBE) 2024, held from 24 November to 1 December 2024. According to him, the week-long programme was a vibrant mix of academic forums, industry visits and cultural exploration, where participants took part in insightful seminars such as the 1st Borneo International Accounting Seminar (BIAC), sustainability talks by the EcoCampus team, and engaging discussions with researchers from the Borneo Marine Research Institute. 'The industrial exposure included visits to SBH Kibing Solar New Materials, DESA Hatchery, and Cocoa Kingdom, offering participants a deeper understanding of Malaysia's renewable energy, aquaculture, and agro-based industries,' he said. Additionally, cultural elements were equally rich — featuring batik painting at Galleria Artisan, exploration of Mari Mari Cultural Village, and the warm hospitality of local communities, said Dr Kasim.
