Saudi education industry outlook promising, says study

Strong government support over the past few years has led to the continuous expansion of the education sector by inviting private players to enter the space. (SPA)
Updated 07 October 2018
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Saudi education industry outlook promising, says study

  • The study was conducted by Research and Markets, the world’s largest market research organization, which has been working in the field for 15 years
  • The establishment of new universities due to the increased investments in the education sector was the key contributor to the augmented revenues generated by the market players

RIYADH: Saudi Arabia ranks as the largest market for education services in the region, and it also accounts for a growing number of students enrolled in the K-12 (kindergarten to grade 12) education system in the six-nation Gulf Cooperation Council (GCC). Strong government support over the past few years has led to the continuous expansion of the education sector by inviting private players to enter the space.

This was revealed in a study conducted by Research and Markets, the world’s largest market research organization, which has been working in the field for 15 years. 

Referring to the higher education sector, the study said: “The higher education industry of the Kingdom inclined at a single digit CAGR (compound annual growth rate) during the period 2012-2017. The establishment of new universities due to the increased investments in the education sector was the key contributor to the augmented revenues generated by the market players,” it added.

The study, titled “Saudi Arabia Education Industry Outlook to 2022,” provided a comprehensive analysis of the education sector, focusing on segments such as the K-12 education sector, higher education, vocational and technical training, e-learning and the test prep sector. The future analysis of the Saudi Arabia education industry as a whole was also discussed and recommendations offered.

Referring to the growing education sector, the study said that the Kingdom’s private K-12 education market, valued at $5 billion in 2017 today, would grow to $12 billion by 2023. It pointed to the Saudi Ministry of Education’s ambitious strategy to raise the quality of education, transform youth mindsets, and strengthen the economy within the framework of Saudi Vision 2030. 

It is important to mention that Saudi students are now allowed to enroll in private international schools and the country is allowing foreign ownership of companies in the education sector. 

The Saudi government has set ambitious targets through Vision 2030 to increase the share of private school students from 12 percent today to 25 percent in 2020. 

To meet this increase, the government has turned to the private sector to finance the construction and operation of the first batch of 1,600 schools.

The study further said: “Since the bachelor’s degree is the first step to higher education, this segment has witnessed the greatest number of enrollments in the 2017 academic session.” Universities offering post-graduate degrees witnessed the least number of enrollments during 2017, constituting less than 50 percent of the overall students continuing higher education in Saudi Arabia, it added.


New wave of Iranian drone attacks on Saudi Arabia neutralized

Updated 30 min 48 sec ago
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New wave of Iranian drone attacks on Saudi Arabia neutralized

  • 13 drones downed east of Riyadh city and 8 destroyed upon entering Saudi air space
  • Drone attacks continue despite apology given by Iranian officials to Gulf states

RIYADH: Saudi Arabia’s air defenses neutralized a fresh wave of drone attacks on Sunday, the Ministry of Defense announced, as Iranian strikes on Gulf states showed no signs of abating despite Tehran’s conciliatory gestures a day earlier.

Ministry spokesman Major General Turki Al-Maliki said in posts on X that 13 drones were intercepted and destroyed east of Riyadh, while eight more were shot down shortly after entering Saudi airspace.

Sunday’s attacks follow a relentless barrage on Saturday in which the Kingdom’s air defenses intercepted and destroyed 21 drones headed toward Aramco’s Shaybah oil field deep in the Rub’ al-Khali desert, as well as five ballistic missiles fired at various times during the day.

Also on Saturday, Saudi defenses intercepted five ballistic missiles launched toward Prince Sultan Air Base in Al-Kharj, an important industrial zone approximately 80 kilometers southeast of Riyadh. It was the third attempted strike in three consecutive days on the base. A single drone was also intercepted east of Riyadh.

The Shaybah attack on Saturday was the first on the vital facility since Feb. 28, when Israel and the United States launched a massive air campaign against Iran, triggering a wave of retaliatory strikes by Tehran across the Gulf region.

The persistent attacks came despite Iranian President Masoud Pezeshkian issuing a public apology on Saturday to Gulf neighbors, saying Tehran would halt strikes unless attacks against Iran originated from their territory. “I personally apologize to the neighboring countries that were affected by Iran’s actions,” he said in a televised address.

However, Iran’s armed forces spokesman Abolfazl Shekarchi sought to qualify the pledge, saying Iran would avoid targeting neighboring countries only unless their territory was used to launch attacks against Iran — a caveat that left regional officials questioning whether the apology signaled a genuine effort to de-escalate or simply a shift in messaging while military operations continued.

The sincerity of this diplomatic overture has been met with skepticism as air defense sirens continue to wail across the Gulf. In the UAE, debris from a mid-air destruction caused minor damage to a building facade in Dubai Marina, though no injuries occurred.

The situation remains more volatile in Bahrain, where the Interior Ministry reported that an intercepted attack caused a fire in the capital, Manama, damaging a residential home and nearby structures. King Hamad bin Isa Al-Khalifa reaffirmed the kingdom’s commitment to peace and coexistence but emphasized the necessity of maintaining regional stability against persistent threats.

Inside the Kingdom, the focus remains on protecting civilian and industrial hubs. Major General Al-Maliki highlighted that the recent missile threats were the third attempted strikes in three consecutive days on Al-Kharj, an important industrial zone located 80 kilometers southeast of Riyadh. On Friday alone, five missiles and multiple drones were shot down across the Eastern Province and the capital region.

The international community has responded with a mix of condemnation and warnings. US President Donald Trump warned via social media that Iran would be “hit very hard” in response to the aggression. Meanwhile, the Gulf Cooperation Council (GCC), following an extraordinary meeting in Riyadh, affirmed the collective right of member states to defend their territories against what they termed “treacherous Iranian aggression.”