Riyadh, KSA: TASC, a top provider of business and workforce solutions in the GCC, has introduced a new co-working space in Riyadh, Saudi Arabia. This initiative supports Saudi Arabia’s Vision 2030 by meeting the evolving needs of businesses and aiding the Kingdom’s transformation goals.
Small and medium-sized enterprises (SMEs) play a crucial role in Saudi Arabia’s economy, currently contributing 20% to the GDP. Vision 2030 aims to increase this to 35%, reflecting the government’s push for entrepreneurship and innovation. Programs like Monsha’at’s SME Accelerator and targeted support from the Saudi Investment Fund have heightened the demand for flexible office spaces, making TASC’s new offering a timely addition to Riyadh’s entrepreneurial ecosystem.
“Our Riyadh co-working space launch underscores TASC’s dedication to empowering businesses in Saudi Arabia,” stated Mahesh Shahdadpuri, CEO of TASC Group. “As the country progresses towards Vision 2030, we provide innovative, flexible office solutions to foster business growth in this dynamic economy.”
Located in Riyadh’s commercial hub, TASC’s co-working space offers excellent connectivity, just 650 meters from the Officers Club Metro Station and near key locations like King Olyaa Street and Salman Park. The facility features ready-to-move-in offices with modern amenities, including high-speed Wi-Fi, a conference room with LED displays, and various office options like private cabins and desk spaces. Custom programs and long-term discounts are available, making it an ideal solution for businesses looking to establish or expand in Saudi Arabia.
“By providing premium, adaptable office solutions, we support the growth of startups, SMEs, and global enterprises, aligning with Saudi Arabia’s economic diversification goals,” said Anil Kumar, TASC Saudi Arabia’s Country Leader. “Our spaces adapt to meet clients’ evolving needs, offering essential infrastructure for success in this rapidly growing economy.”
The significance of SMEs and startups is further highlighted by venture capital trends. Saudi Arabia attracted SAR 1.5 billion ($412 million) in VC funding from January to June 2024, representing 54% of the region’s total, up from 38% the previous year. This reflects the Kingdom’s commitment to nurturing a thriving startup ecosystem and the rising demand for innovative workspace solutions.
By creating a flexible environment, TASC enables companies to establish and grow their presence in Riyadh, contributing to the city’s economic development.
About TASC
Celebrating 17 years of experience, TASC is a leading provider of talent and workforce solutions across the UAE and MENA region. With over 300 staff and 6500 associates, TASC serves more than 550 clients and operates offices in Dubai, Riyadh, Abu Dhabi, Doha, Jeddah, and Bangalore.