Language English The demographic structure of the GCC countries is titled towards young age population, making focus on education a necessity. Even though the GCC region is blessed with oil resources and wealth, it also suffers from high level of unemployment, mainly due to the existing disconnect between skill-sets and market requirements.
May 3, Dubai: The report provides an outlook of the GCC Education industry until covering pre-primary, primary, secondary, tertiary and vocational segments across all GCC nations. It also showcases the current state of the education industry across the GCC nations while presenting the recent trends, growth drivers, challenges.
In addition, it profiles some of the prominent education providers in the region. Population growth and rise in disposable income have supported Gcc education report growth of the private education sector.
The investor friendly policies adopted by the GCC governments are also helping the trend towards increased private sector participation.
An expanding base of school and college age population and increase in the Gross Enrollment Ratio GER across the education segments are likely to drive the growth.
The number of students Gcc education report private schools is projected to grow at a 5. Enrolments at public schools are anticipated to increase at an annual average of 2. During the forecast period, the number of students in pre-primary annual average of 4. However, students at primary and secondary segments will continue to form over three-fourth of the total students.
Saudi Arabia will continue to dominate the education market in the GCC by From an estimated 9. In terms of annualized growth during tothe number of students in Oman, Qatar, and the UAE are projected to grow faster than the other member nations.
The demand for schools in the GCC region is likely to increase at a 3. This signifies requirement of more than 7, schools in the next five years, most of which are anticipated in Saudi Arabia. While the demand for public schools in the GCC is expected to increase at an annual average of 2.
The Education Sector Growth drivers The GCC population is projected to reach close to 60 million inof which, the number of people below 25 years of age is likely to surpass 22 million. A large and increasing base of school and college going population is fostering the demand for education in the region.
Further, a diversified expatriate community is increasing the demand for international curricula, thus attracting several international schools and colleges to the region.
A high personal income level alongside a tax-free environment has resulted in additional disposable income among the GCC population. Consequently, the population displays a strong ability and willingness to spend on quality education at international schools, translating into a huge opportunity for the private players.
Focus on the education sector across the GCC nations has been increasing, in terms of budget allocations and long-term development strategies or five-year plans.
This is not only strengthening the local education system but also presenting opportunities for international schools and universities. There is a growing demand for private education in the GCC region.
The private sector is receiving support from the governments through the investor-friendly policies aimed at augmenting the scale and quality of education in the region.
The share of private schools in overall K enrolments increased from The growth is likely to continue as the countries focus more on privatization.
With several noteworthy projects underway, the GCC education is set to witness significant capacity addition. Education Sector Challenges The shortage of teachers in the region is the second highest in the world due to an overall dearth of teachers globally coupled with a low pool of nationals inclined towards pursuing teaching as a profession in the GCC.
Although measures are being taken to address the shortfall, there has been an increase in the poaching of skilled teachers from competitors by offering higher incentives.Dubai: Alpen Capital announced the publication of its GCC Education Industry report.
The report provides an outlook of the GCC Education industry until covering pre-primary, primary, secondary, tertiary and vocational segments across all GCC nations.
It also showcases the current state of the education industry across the GCC nations . The GCC education sector is poised for growth with increasing emphasis on private sector involvement and vocational training international students from India.
The report also includes the role public and private institutions play in the GCC education sector, and how they could contribute towards the betterment of the populace. Additionally, the report discusses the challenges faced by the GCC education sector and the steps taken by . The report provides an outlook of the GCC Education industry until covering pre-primary, primary, secondary, tertiary and vocational segments across all GCC nations.
It also showcases the current state of the education industry across the GCC nations while presenting the . Alpen Capital (ME) Limited announced the publication of its GCC Education Report as a part of its Industry Research services.
Other recent reports from Alpen Capital have covered the GCC Takaful, Retail, Insurance, Healthcare, Cement and the Petrochemical industries. The report covers the present scenario and the growth prospects of the K education market in GCC for To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.