TRESVISTA FINANCIAL SERVICES
Growth Drivers
The Demographic Dividend
GCC countries are currently experiencing a youth bulge, with 60.0% of
the regional population under the age of 30
Migrants in the Population
The Gulf ’s construction boom and tax-free status has attracted many
expatriate workers to the region, which has led to a rise in demand for
private education
Rising Income Levels
Rise in income levels and improved standard of living in the region has
influenced the attitude of people towards education
Private Education = Quality
Education
Private education is generally perceived to be better quality due to
its emphasis on English and exposure to expat students with diverse
cultural backgrounds
Outbound Students
To be able to compete for jobs, regional students are moving overseas
for seeking higher education, prompting governments in the region to
encourage foreign universities to open their branches in an attempt to
discourage students from going abroad
For-Profit Education Market Size
We estimate the market size for the for-profit education
industry in the GCC to more than double to USD 49.1
billion in 2015, growing 13.5% annually over 2009 2015. Within the industry, the for-profit education
market for tertiary education will grow at a pace of
13.8% annually compared to 13.1% annual growth of
for-profit primary and secondary education. Tertiary
education will represent ~60.0% of the total for-profit
education market size over 2009 to 2015.
Source: TresVista.
October 2011 | INDUSTRY INTELLIGENCE
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