In the second quarter of 2024, the number of investment licenses for the education sector in Saudi Arabia increased by 86% annually, indicating the industry’s increasing appeal to corporations.
A report from the Minister of Investment states that 41 licenses were approved over the time frame, indicating a significant increase from the 112 licenses that were issued for the industry at the end of 2023.
By itself, that was a 49 percent increase from 2022, highlighting the importance of education in the Kingdom’s larger economic diversification plan, Vision 2030.
According to the report, the Invest Saudi platform already features over 70 investment opportunities in education, indicating that the industry is expected to develop even more.
22 of them are related to K–12, 17 to training, and 17 to early childhood education.
There are eleven investment opportunities in higher education, four in educational technology, and two in ancillary services related to the industry.
The Vision places a strategic priority on education because it recognizes that the economic and social transformation of the Kingdom depends on having a well-educated citizenry.
One of the main projects under Vision 2030 is the Human Capability Development Program, which attempts to give citizens the professional and technical skills they need to prosper in a world economy that is changing quickly.
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