KhalafMasaeed, CEO ofGCC Lab
KhalafMasaeed, CEO of GCC Lab, said that the global testing, inspection, and certification (TIC) market size exceeds SAR 1 trillion, employing more than one million people worldwide. The Middle East market is estimated at around SAR 59 billion, with Saudi Arabia accounting for over 30%—or roughly SAR 16 billion—highlighting the sector’s importance in facilitating regional and international trade. 
In an interview with Argaam on the sidelines of the PIF–Private Sector Forum, Al-Masaeed added that demand for TIC services in the Kingdom is witnessing steady growth, driven by the expansion of the industrial, energy, medical, and technology sectors. He explained that the sector intersects with a wide range of economic activities due to its close link to quality assurance and compliance frameworks.
He also confirmed that among the company’s strategic objectives is studying a potential initial public offering (IPO) within the next five years as part of its future growth plans.
GCC Lab aims to expand geographically within Saudi Arabia, where it already operates offices in several regions, including the Eastern and Western regions, Makkah, and Jeddah, in addition to plans for regional expansion.
KhalafMasaeed, CEO ofGCC Lab
KhalafMasaeed, CEO of GCC Lab, said that the global testing, inspection, and certification (TIC) market size exceeds SAR 1 trillion, employing more than one million people worldwide. The Middle East market is estimated at around SAR 59 billion, with Saudi Arabia accounting for over 30%—or roughly SAR 16 billion—highlighting the sector’s importance in facilitating regional and international trade.
In an interview with Argaam on the sidelines of the PIF–Private Sector Forum, Al-Masaeed added that demand for TIC services in the Kingdom is witnessing steady growth, driven by the expansion of the industrial, energy, medical, and technology sectors. He explained that the sector intersects with a wide range of economic activities due to its close link to quality assurance and compliance frameworks.
He also confirmed that among the company’s strategic objectives is studying a potential initial public offering (IPO) within the next five years as part of its future growth plans.
GCC Lab aims to expand geographically within Saudi Arabia, where it already operates offices in several regions, including the Eastern and Western regions, Makkah, and Jeddah, in addition to plans for regional expansion.
