United Arab Emirates
The education sector in the kingdom is on the move
The government has made significant investments in higher education, including research and the establishment of new and specialized universities
Report Highlights
Given the considerable room for growth in the private sector and the need to develop new schools as enrolment rates continue to rise.
The government’s strong support for privatization as part of Vision 2030 is likely to boost global investment in the coming years.
The national program seeks to build Edtech infrastructure in both public and private schools. There has been a significant growth in the use of language apps, digital tutoring, video conferencing resources, and online learning technologies since COVID-19.
The modernization of Saudi Arabia’s education system and the empowerment of the local population are vital to this initiative and are viewed as critical to Saudi Arabia’s economic growth. To ensure that the nation’s youth is “fit for the jobs of the future” in a knowledge-based economy, the government has implemented far-reaching education reforms such as introducing modernized school curriculums emphasizing critical thinking, retraining teachers, and constructing new institutions, as well as the decentralization of the kingdom’s centrally-driven school system. The MoE is also engaging female faculty members in the pre-primary and primary sections to maximize performance and increase teaching standard.
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A brief overview of Saudi Arabia’s education sector
The reality is that this pandemic has altered our lives in many ways. The COVID-19 posed several threats to the healthcare sector as well as other facets of life, including education. Children and students of all ages no longer attend colleges and institutions; they no longer socialize in the standard way demanding the system to adapt. Online learning and virtual classes makes it possible for children and adults with special needs to attend school and educate themselves, and it allows them to learn and boost their confidence.
Education technology (Edtech) is becoming increasingly relevant in Saudi Arabia as a teaching and learning medium, as well as a means of improving educational content and accessibility. The Ministry of Education initiated the Future Gate project in late 2017 to encourage the use of interactive learning tools in the classroom. The national program seeks to build Edtech infrastructure in both public and private schools. There has been a significant growth in the use of language apps, digital tutoring, video conferencing resources, and online learning technologies since COVID-19. With the pandemic, there has been an increased emphasis on efficiency of layout design, health and safety concerns, which, if managed well, will promote and sustain the value of the investments.
Even before the pandemic, there was strong growth and advancement in education technology, with global investment in Edtech reaching $18.66 billion in 2019 and the future online demand may exceed $350 billion by 2025. The government has made significant investments in higher education, including research and the establishment of new and specialized universities. Opportunities in the general, vocational, technological, and special educational needs division continue to emerge and the number of business licenses granted in the education sector rose in 2019, according to the Saudi Arabian General Investment Authority (SAGIA), with the aim to increase higher education enrollment and accommodate rising demand, which is being driven by demographics and other factors.
The national program seeks to build Edtech infrastructure in both public and private schools. There has been a significant growth in the use of language apps, digital tutoring, video conferencing resources, and online learning technologies since COVID-19.
Saudi Arabia has a number of reasonably high-quality English-taught university programs as well as extremely competitive scholarship programs for international students. Collaborations with foreign universities of education are now becoming more popular in order to promote student exchanges. For example, King Abdullah University for Science and Technology provides qualifying students with full tuition, free housing, healthcare, and a living allowance ranging from $20,000 to $30,000 per year.
How does this aspect relate to Land Sterling? The Kingdom remains one of the region’s largest and most appealing markets for investment, given the considerable room for growth in the private sector and the need to develop new schools as enrolment rates continue to rise. The government’s strong support for privatization as part of Vision 2030 is likely to boost global investment in the coming years. Furthermore, private sector funding opportunities are not restricted to traditional education providers, with Edtech schemes enabling technology industry to create groundbreaking digital systems to modernize teaching and learning. Land Sterling advises prospective investors and foreign operators visiting Saudi Arabia on ways to invest in the education market, ranging from conventional landlord/tenant investment arrangements to build-to-suit transactions to asset management and disposition of long-term assets, including specialized REITS. They focus on facilitating investors around the world with relevant facts and information, which will equip them with factual data and guide them to the most ideal investment opportunities.
Be it attending to your structural process needs and queries or finding you the right operators, Land Sterling believes in “together until the end”. This is the chance to use the technological advancements in the wake of Vision 2030, and take things to the next level. After all, those that are firm in their will mold the world to themselves.
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