Executive SummaryWhat is this report about? The Kingdom of Saudi Arabia is looking to diversify the source of revenues away from oil. Despite all its plans, a strong education system to support its vision would be essential for its success. Public expenditure on Education in Saudi Arabia is expected to be around 7.6% of nominal GDP in near future. Based on our estimates, the total market-size of KSA education market by spending is estimated at USD 67 Bn in 2016. The formal education system in Saudi Arabia is similar to overall GCC education structure and can be divided into three broad levels: primary, secondary and tertiary. Primary and Secondary education together lasts for 12 years and tertiary education can last upto 9 years. Educational institutions in KSA can be public or private. Private Schools can be divided based on the types of curriculum such as Arabic, bilingual, Asian or Western schools. Who will benefit and why? The report will benefit anyone tracking the Saudi education industry, and its many players; especially schools, foreign education institutes, regulators and government agencies, investment bankers and policy makers. This report would help these entities to gain in-depth understanding about the industry. How exhaustive is this report? We have analyzed the education market in Saudi Arabia and how the demand for private schools have increased in Saudi Arabia due to increasing need for better quality of education and also due to a law passed in 2009 which allowed Saudi nationals to be enrolled in international schools. We also discuss the growing size of the education market in KSA will provide ample opportunities for private players at all levels. More specifically opportunities in higher education market which are vast. Private players will get benefitted from government support to private sector and growing preference for private educational institutes.
Table of Content
- Executive Summary
- Public schools dominate but private schools are fast catching up
- Private sector playing an increasingly higher role in education in Saudi Arabia
- Enrollments at the pre-primary levels remain low as they are non-mandatory
- Close to 3.73Mn students enroll in Saudi Primary level during 2014 schools
- KSA had the second highest gross enrollment ratio in the secondary level in the GCC region in 2015
- KSA scores well on tertiary enrollment
- Saudi Arabia ranks well below developed countries in TIMSS score
- Strict regulations hamper the growth of private universities
- Increasing population is major driver for education
- Resistance to reforms is a major challenge
- KSA Education Sector Trends
- Regulatory Bodies and Developments
Key Questions Addressed in this report
- What is the structure of education system in KSA?
- How does the education system compare to other GCC metrics and world in terms of key metrics?
- What are the challenges for foreign universities and institutes of higher education in KSA?
- What are the key challenges that the Saudi education sector should overcome? <li What are the reforms that can be implemented to satisfy the increasing demand?
This report can add value to
- Government and regulatory authorities
- Schools, colleges and universities in KSA