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The Dashboard section gives insight into a whole lot of regional and global financial transactions including, but not limited to, IPOs, M&As, corporate earnings, banking, private equity & venture capital deals, Sukuk issuance, crowdfunding deals, investment patterns, sovereign wealth fund deals, among others. In this issue, Wealth Monitor gives a summary of GCC education sector.
Government Spending on Education as a % of Total Budgeted Expenditure (2016)
The GCC education sector is receiving impetus from inherent growth drivers such as high spending power, attractive demography (nearly 40% of the estimated population in 2015 was under 25 years of age), the willingness to pay for quality of education, and government support. However, factors such as shortage of teachers, high construction cost, and misalignment between the job market and the skills imparted at academic institutes are surfacing as challenges.
Pupil to Teacher Ratio in the GCC (2014)
Although the opening of new schools and colleges is meeting the rising demand for education to an extent, the region faces a shortage of skilled teachers and is largely dependent on expatriates to bridge the gap. On an average, in the GCC nations, there are about 16 students for every teacher at the pre-primary and tertiary levels and above 10 at the primary and secondary levels of education.
Student Enrolments in the UAE, by Segments
In 2014-2015, the country had more than 1,200 schools (542 private) and over 85 higher education institutions (largely private). More than 1.1 million students pursued education in the UAE in 2014, having increased at an annualized rate of 6.2% from 2009. The growth in enrolments was the second highest in the GCC. Primary and secondary schools accounted for more than 70% of the total enrolments in the year.