Market Research Reports - Ken Research Kuwait Education Market Outlook to 2022 | Page 2

Pakistani schools offer more affordable rates at an average fee of close to KWD 450 per year. The market revenue of K-12 education registered a CAGR close to 6% during 2012-2017. Currently, private K-12 schools in Kuwait provide education to over 40% of its students. The nature of the market is fragmented with various types of schools offering all types of curricula & fee range. In majority, it has been noticed that private schools are individually owned, hence leaving more room for large scale operators to take over. Major Private Schools: American (American Creative Academy, The American School of Kuwait, American United School), British (Kuwait International English School, the English Academy, New English School Kuwait) and Indian (Fahaheel Watanieh Indian Private School, Indian Educational School, United Indian School). Major Public Schools: Pironi Medium for Boys, Safia Intermediate Girls, Bints Primary Girls, Doha Elementary School for Boys, Ouzai Secondary Boys, Amama Bint Bishr. The revenues generated by the K-12 education industry in the Kuwait are projected to increase registering a five year CAGR of close to 5% during 2017-2022. Kuwait Test Preparation Market Kuwait’s test prep market is in its growth stage and has a combination of both local and international players operating in the market. The major catchment areas include Salmiya, Kuwait City, Fahaheel and Hawalli and the major players in the market include AMIDEAST, Apachia, British Council and ILM prep. The fees for each course are paid in advance of class commencement. GMAT, GRE and SAT are the most expensive courses with each having an average fee of close to KWD 200 and the most popular course is IELTS with close to 3,000 enrollments in 2017. TOEFL and IELTS, the two English language tests together brought in majority of the revenue registering highest enrollments in the test prep market in 2017. The SAT test prep segment was the second largest followed by GMAT training classes. The smallest segment in the test prep market was the GRE. Kuwait’s test preparation market is expected to expand with the increasing number of players entering the market and creating new test centers. Kuwait Higher Education Market There were only 2 universities catering to higher education sector in Kuwait in 2002, Kuwait University (KU) and Public Authority of Applied Education and Training (PAAET). Currently, there are over 18 private universities in Kuwait offering a varied number of courses. The popular universities include American College of Middle East (ACM), American University of Kuwait (AUK), American University of Middle East (AUM), Gulf University for Science and Technology (GUST) and Arab Open University (AOU). [There is currently an ongoing expansion of KU that is expected to cater to nearly 40,000 students by 2019. The Kuwaiti government has