Noida, UP -- (SBWire) -- 04/12/2011 -- According to our research report “Saudi Arabia Education Forecast to 2013”, the Kingdom of Saudi Arabia represents the largest education industry in the region. The fact that, over 55% of its population is under the age of 24 years substantiates tremendous potential present in all levels of education, be it elementary, intermediate, secondary, or higher education. The sector currently enjoys a very favorable environment for rapid growth. Sharp increase in number of universities during the last few years has facilitated growth of student enrollments in higher learning public institutions, which is further expected to grow at a CAGR of around 9% during 2011-2014.
According to our research, the country will witness growing enrollments at all levels of education. A major reason for this growth will be the participation of government in developing infrastructure for the industry. The government has allocated SR 150 Billion for education and manpower development in FY 2011 compared to SR 137.6 Billion in FY 2010. A significant share of this budget went for the development of the higher education facilities in the country.
Additionally, it has been found that there were only 373 researchers/million population in the Arab region. The ratio was almost the same for Saudi Arabia. Whereas, the global average stands at over 1081 researchers / million population. As a result, the country needs many skilled workers in a short notice of time and foreign universities can contribute a lot in this regard.
“Saudi Arabia Education Forecast to 2013” provides an extensive research and objective analysis of the education sector in Saudi Arabia. The report facilitates information and statistics at the elementary, intermediate, secondary, and higher education levels, mainly focusing on the potential student enrollments, requirement of staff and colleges during 2011-2014. The regulatory environment analysis, state of distance learning in the country and potentials of e-learning market have been included to provide a complete understanding of the education sector, required for making informed business decisions.
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Higher Education to Witness Robust Expansion in Saudi Arabia
Increasing demand for domestic manpower and specialized courses will drive the growth of student enrollments in the higher learning public institutions, growing at a CAGR of around 9% during 2011-2014, says RNCOS.