Saudi education witnesses rapid transformation in last five years

Between 2015 and 2019 the number of primary and secondary level schools in Saudi Arabia grew 16.5 percent to a total of 38,150. (File)
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Updated 03 May 2021
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Saudi education witnesses rapid transformation in last five years

  • There has been a 61 percent increase in the take-up of business management courses in public universities

RIYADH: During his televised interview last week to mark the 5th anniversary of the Vision 2030 program, one of the many subjects addressed by Crown Prince Mohammed bin Salman was the Kingdom’s education system.

“With regard to higher education, currently we have five universities ranked among the 500 best universities worldwide according to various indicators. Our objective is to have three universities ranked among the best 200,” the crown prince said.

He said that his ambitions ran even higher. “We might be working toward a very ambitious objective… having one university ranked among the best 10 universities worldwide, which is King Saud University. But even if it ranked 20 or 30 that would be extremely good.”

A report released on Sunday by real estate consultancy firm Knight Frank said the Kingdom’s education sector is undergoing rapid transformation across all levels and “it creates a compelling case to invest in the education space of the Kingdom.”

In the five years to 2018, the total number of students in higher education in Saudi Arabia grew by 8.3 percent to 1.62 million. The Kingdom has 60 universities, 70 percent of which are public institutions. In terms of subject matter, there has been a 61 percent increase in the take-up of business management courses in public universities, while the natural sciences, mathematics and statistics sector recorded a 55.9 percent increase in the number of students enrolling.

FASTFACT

• In the five years to 2018, the total number of students in higher education in Saudi Arabia grew by 8.3 percent to 1.62 million.

One of the key goals of Vision 2030 is to increase the number of Saudi nationals in the labor force and to facilitate this there has been a surge in the number of technical and vocational training (TVT) facilities in the Kingdom. The Knight Frank report found that in the five years leading up to 2017 the number of TVT public sector facilities in the Kingdom rose by 60.4 percent to reach 223.

The biggest growth in the education sector has been in the primary and secondary levels. Between 2015 and 2019 the number of schools in the Kingdom grew 16.5 percent to a total of 38,150. Eighty percent of these are public facilities, but in the fee-paying private sector, the number of schools over the same time period has increased by 42.1 percent.

“As we continue to see an increase in female labor force participation rates, demand for affordable and quality pre-primary institutions is only likely to increase.

Saudi Arabia’s Ministry of Investment, in conjunction with the Ministry of Education, estimates that 1,500 kindergartens are required across Saudi Arabia over the next decade alone,” the report said.

Shehzad Jamal, Head of Healthcare & Education at Knight Frank Middle East, said in a statement: “The Saudi Arabia government has recognized that improvements need to be made in the quality of its education system, which are to be addressed through its Human Capital Development Vision Realization Program of the Vision 2030. Significant reforms are under implementation to address challenges faced by the sector.”


Aramco’s 13% rally helps Saudi stocks post second weekly gain

Updated 12 March 2026
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Aramco’s 13% rally helps Saudi stocks post second weekly gain

RIYADH: Saudi Aramco extended its year-to-date rally to nearly 13 percent on Thursday, helping the Kingdom’s benchmark stock index secure a second straight weekly gain despite a weaker final trading session.  

Saudi Aramco shares, which carry the heaviest weighting on the Saudi Exchange, closed at SR26.86 ($7.16), leaving the stock 12.72 percent higher since the start of 2026. The stock also remained 3.09 percent above last week’s close, even after falling 1.1 percent in Thursday’s session.

The rise in energy shares came as escalating tensions in the Middle East pushed oil prices above $100 a barrel, after attacks on tankers in the Gulf and the Strait of Hormuz heightened concerns over supply disruptions.

The Tadawul All Share Index maintained its weekly uptrend, rising nearly 1.07 percent week on week to close at 10,778.32, despite falling 0.45 percent in Thursday’s session. Compared with the first trading day of the year, the index has gained 4.01 percent.

Total trading turnover on the benchmark index reached SR5.05 billion at Thursday’s close, with 88 stocks advancing and 176 declining.

Aramco’s performance continued to anchor sentiment after the company reported adjusted net income of $104.7 billion for 2025 earlier this week, while net profit fell 12.1 percent year on year to $93.39 billion, compared with $106.25 billion in 2024, as lower crude prices weighed on earnings despite higher sales volumes across oil, gas and refined products.

On a March 10 earnings call, Aramco CEO Amin Nasser warned that prolonged disruption in the Strait of Hormuz could have severe implications for global energy markets. Roughly 20 percent of the world’s oil normally passes through the waterway each day, but shipments have been largely blocked.

“There would be catastrophic consequences for the world’s oil markets and the longer the disruption goes on ... the more drastic the consequences for the global economy,” he said.

“While we have faced disruptions in the past, this one by far is the biggest crisis the region’s oil and gas industry has faced.”

Saudi equities showed mixed performance in Thursday’s session. The MSCI Tadawul Index fell 5.99 points, or 0.40 percent, to close at 1,476.76.

The Kingdom’s parallel market Nomu gained 132.47 points, or 0.6 percent, to close at 22,370.4, with 38 stocks advancing and 34 declining.

On March 11, the International Energy Agency announced the release of 400 million barrels of oil from its reserves, the largest such move in its history. As part of that, the US said it would release 172 million barrels starting next week.