RIYADH: In the second quarter of 2024, investment licenses for the education sector in Saudi Arabia increased by 86% annually, indicating the growing interest of businesses in this field.
A report from the Minister of Investment states that 41 licenses were approved during the time frame, indicating a significant increase from the 112 licenses that were issued for the industry at the end of 2023.
That was a 49 percent increase from 2022, highlighting the importance of education in the Kingdom’s larger plan for economic diversification. Goal 2030
According to the report, the Invest Saudi platform currently features over 70 investment opportunities in education, indicating that the sector is expected to grow even more.
Of them, about 22 are in the K–12 sector, 17 are in training, and 17 are in the early years. There are eleven investment opportunities in higher education, four in educational technology, and two in ancillary services related to the sector.
The Vision strategically emphasizes education because it recognises that the economic and social transformation of the Kingdom depends on having a well-educated populace.
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