This opportunity entails developing the value chain for the production of pipe fittings to serve KSA and the broader GCC market. The overall demand for pipe fittings in Saudi Arabia has been growing, estimated to be 856,000 units valued at USD 160 million in 2016. Driven by demand from utilities, oil and gas, and water sectors, the market demand is forecasted to increase at an annual growth rate of 23% to reach 1,709,000 units by 2022. Currently, KSA demand for pipe fittings is addressed almost fully through imports (94% of total demand), presenting a great opportunity for investors to localize production. The butt weld and socket weld fitting are the two types of fitting under consideration for localization. In 2016, demand for pipe fittings is 87% for butt weld and 13% for socket weld. The split is expected to remain relatively the same till 2022. Beyond the KSA market, investors in Saudi have the opportunity to tap into the large regional market in the GCC, expected to increase from 1,532,000 units in 2017 to 2,779,000 units by 2022. The KSA demand for pipe fittings is expected to make up ~40% of the overall GCC demand. The main focus of this opportunity is to establish manufacturing facilities to locally machine and manufacture butt weld and socket weld pipe fittings. However, there are additional opportunities for localization across the pipe fittings manufacturing value chain. These opportunities include: Raw materials: establish production facility for carbon steel, low alloy steel and corrosion resistant allow seamless pipes to local demand specifications Testing and distribution: provide supporting services related to non-destructive inspection, testing, logistics, sales and marketing / مالك الفرصة: منصة استثمر بالسعودية