1 Day
Source:
الاقتصادية
Saudi education boosts asset investment
The new education system in Saudi Arabia aims to expand investment opportunities in the educational sector by allowing investment funds and regional companies to participate more significantly. The system contributes to strengthening partnership between the public and private sectors, with a goal to increase the private sector’s contribution from 17% to 25%, while also improving licensing and contracting mechanisms and enhancing investor confidence. It also emphasizes the compulsory and free nature of education, encourages the participation of non-profit private sector entities, and involves the establishment of a General Education Council to ensure institutional governance. The system adopts a unified framework that clearly defines responsibilities and rights, includes oversight and penalty mechanisms for violators, and aims to improve the management of educational assets, reduce costs, attract direct foreign investments, all while maintaining free education and offering diverse educational options.
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