TRESVISTA FINANCIAL SERVICES
For-Profit Education
in GCC
– By TresVista Financial Services
The market size of the for-profit education sector in
the Gulf Corporation Council (GCC) countries is
set to more than double by 2015 to USD 50.0 billion,
driven by the increasing enrolment ratio of school age
population. This, combined with the rising quality
consciousness of an increasingly wealthy population,
will lead to a larger share of for-profit institutions
in a growing education sector pie. With primary
and secondary enrolment ratios close to the peak in
most countries, the tertiary enrolment market, which
remains highly under-penetrated, offers a significant
potential for growth.
to increasing wealth and infrastructure development
in these countries. The last few years have seen an
increased awareness in the region for the need to
diversify the economies away from oil, leading to
investments in physical and social infrastructure.
The education sector has been a major beneficiary of
this trend. Education has become a key spending and
policy priority in most countries.
The education sector in GCC has shown tremendous
growth in the last few years. We expect this trend
to continue going forward for secondary and
The GCC countries have recently witnessed high GDP especially for higher education, which remains highly
growth rates, driven by increasing oil prices leading underpenetrated.
The market size of the for-profit education sector
in the GCC is set to more than double by 2015
to USD 50.0 billion
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INDUSTRY INTELLIGENCE | October 2011