Higher Education Sector Set For Dynamic Growth In Saudi Arabia
Government support and favorable demographics will trigger students' enrollments in public higher learning institutions to grow at CAGR of 13.7% during 2010-2013, says RNCOS.
- (1888PressRelease) July 01, 2010 - According to our new research report "Saudi Arabia Education Forecast to 2013", Saudi Arabia, being the largest and most populated country in the Gulf Cooperation Council (GCC), represents the biggest education industry in the region. With nearly 60% of its population below 24 years, the country provides most suitable environment for its education industry to grow and prosper. The number of universities has grown manifolds and a similar trend has been witnessed in the number of student enrollments in the higher learning public institutions which are expected to register CAGR growth of 13.7% during 2010-2013.
The study has revealed that the government is currently the key investor in the education sector. In FY 2010, the budget for education and manpower development increased by SR 40.9 Billion to SR 137.6 Billion. The FY 2010 budget also includes the funding for King Abdullah Project for the Development of Public Education, the creation of 1,200 new schools and the completion of more than 3,000 school buildings already under construction. We anticipate that this support will further increase during 2010-2013 as the Kingdom is striving hard to diversify its economy to knowledge-based sectors. This will further result in the fast development of education sector, making the Kingdom as the most attractive education market in the GCC.
On the higher education front, the medical and technical education sectors are poised for substantial developments. Students' enrollments in these fields will increase in future and will create huge market potentials for public and private sectors to develop new higher learning institutions to cater amplifying demand.
"Saudi Arabia Education Forecast to 2013" provides comprehensive research and prudent analysis of the Saudi Arabian education industry. The report contains authentic statistics and information on the current industry status and future forecast on elementary, intermediate, secondary and higher education segments with focus on the potential students' enrollments, staff and colleges requirements during 2010-2013. In addition, the regulatory environment analysis and recent industry developments have been included to provide a balanced research outlook on the education industry.
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