Size of the services market
The Saudi market is witnessing remarkable growth in demand for inspection, auditing and sustainability services, with the annual market size estimated at 58 billion riyals.
Quality Technology Accreditation Company benefits from this significant growth by offering diverse and integrated services that cover the needs of different sectors:
The size of environmental compliance projects in the Kingdom is SAR 6 billion from 2025 to 2030.
The size of the quality and inspection services market in the Gulf reaches more than SAR 45 billion annually.
The size of the global certification and inspection services market reaches more than SAR 1 trillion annually.
The expected size of the carbon market is SAR 2 billion annually in the Kingdom starting from mid-2025, according to the following indicators:
- Reference to the Kingdom’s commitment to His Royal Highness’s announcement to reduce carbon emissions by 278 million tons by 2030
- Reference to the average price of a ton of carbon globally is SAR 37
- Reference to the establishment of the VCM carbon trading market between the Public Investment Fund and Tadawul
- Establishing GCOM as a Carbon Credit Registry and Certificate Issuing Authority
The size of the training market in the Kingdom is 10 billion riyals annually
