Government Support to Fuel Growth in the Saudi Arabia Education Sector

According to our latest research report “Saudi Arabia Education Forecast to 2013”, Saudi Arabia is the largest and most populated country in the Gulf Cooperation Council. The country represents biggest education industry in the region with over 50% of young population. During the past few years, the sector witnessed most suitable environment to grow and prosper. The number of universities grew manifold and a similar trend has also been witnessed in the number of student enrollments in the higher learning public institutions. Moreover, it is anticipated that, the student enrollments in higher education will grow at a CAGR of around 9% during 2010-2014.

 

As per our findings, it has been found that, the budget allocation for education and manpower development substantially increased during the past few years. To transform its crude oil dominated economy into knowledge-driven one, the country is focusing on its manpower and human resource development. Under the budget, new universities and construction of colleges and many new schools were planned. Additionally, funds were allocated for numerous new technical and vocational training centers. During FY 2011, the budget for education and manpower development reached SR 150.0 Billion.

 

Besides, our thorough analysis of the higher education professional courses revealed that, there is an acute shortage of manpower in various fields, such as engineering, computer science, pharmacy, medical sciences, etc., and due to this, the demand for technical and medical courses will boom in near future. Additionally, the report describes key factors that makes Saudi Arabian higher education sector highly lucrative for private players looking to enter the market.