Arab Today, arab today saudi firm plans 200m fund targeting middle east education
Last Updated : GMT 04:32:24
Arab Today, arab today
Arab Today, arab today

Saudi firm plans $200m fund targeting Middle East education

Arab Today, arab today

Arab Today, arab today Saudi firm plans $200m fund targeting Middle East education

Riyadh - Arab Today

A Saudi-based investment firm is planning to launch a first-of-its-kind private equity fund in the Middle East that will solely focus on investment in the fast-growing education sector in the Gulf Arab region, its top executive said. Itqan Capital, a unit of Bahrain’s Al Baraka Banking Group, is eyeing up to $200 million for the fund that it plans to launch with Bahrain-based school consultancy firm D3 Consultants in 2014, Itqan Chief Executive Adil Dahlawi told Reuters on Monday. The fund launch underscores rising appetite among investors for education-related investments in the Gulf Arab region, home to a rising young population and a growing middle class whose standards of living are increasing steadily thanks to strong economic growth. “We are pushing the envelope today. We are saying, if you want to start an investment on the education side, be fully dedicated to that and don’t come into it only seeking returns. There is a social commitment to this which we want to adhere to,” Dahlawi said. Itqan signed a memorandum of understanding with D3 Consultants on Monday to form a private equity fund that will initially focus on the primary education sector in the region and especially in the six-nation Gulf region. The two companies plan to provide initial capital for the fund and expect it to launch by the first half of next year after receiving necessary regulatory approvals, Dahlawi said. The fund will seek to acquire and operate schools throughout the region before moving to higher education, the CEO said. “In any market you need to establish yourself in primary education first and then you can expand into the higher education sector,” he said. The Gulf’s education market is expected to be about $40 billion in size with the private education sector accounting for about 14 percent of the overall market size, Itqan said in a press release announcing the MoU with D3. The number of male and female students in the Gulf will rise to 11.3 million, while the number of higher education students is expected to increase by 5 percent to 1.9 million students by 2020, Itqan said in the press release. Despite that, private equity firms in the region invested only about $275 million in the sector between 2005 and 2009 through 13 acquisitions, the firm said. “Its not easy getting onto the education sector. It’s a tough market, especially on the regulation side. Every country has its own set of rules with regard to licensing, accreditation etc,” Dahlawi said. Saudi Arabia is the largest market for education services in the Gulf, accounting for about 75 percent of total student outlay, according to Itqan. Source: Education News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi firm plans 200m fund targeting middle east education Arab Today, arab today saudi firm plans 200m fund targeting middle east education

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Education: كتب ومراجع وأبحاث
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday