Kuwait’s education market is in its growth stage. Transformations and overhauls brought in the complete education curriculum through government interventions & subsidies extended has been a key market assistance parameter. The two key organizations that oversee the functions of this sector in Kuwait are the Ministry of Education and the Ministry of Higher Education.
The education market in Kuwait has dominated a revenue growth close to close to 6% throughout 2012-2017. The Ministry of Education allocated KWD 2 billion during the 2016 annual budget for Kuwait’s K-12 education sector. This is in line with its Integrated Education Reform Program (2011-2019) and the School Education Quality Improvement Project which are geared towards enhancing the curriculum, improving learning outcomes, motivating efficient teaching and refining the efficiency of education.
According to the report analysis, ‘Kuwait Education Market Outlook to 2022 – by K-12 Education, Higher Education, E-Learning, Vocational Training, Teacher Training, Private Tutor and Test-Preparation Education Market’ states that in the Kuwait Education Market there are several companies which recently working more progressively for keep maintaining the governing position, spreading the awareness connected to the applications and advantages of education, analysing the strategies and policies of government as well as contenders, decreasing the associated prices of such, delivering the better customer satisfaction, increasing the features and benefits of Kuwait education, establishing several research and development programs, implementing the policies of profit making and strategies of expansion and improving the qualitative and quantitative measures of such.
Public K-12 education is prolonged free of cost in Kuwait with over 800 schools serving over 350 thousand children during 2017. The government expenditure in public education has augmented at a CAGR close to 7% throughout 2012-2016. However, the quality of education in public schools is considered to be poor and there is an increasing shift towards private education. The growing requirement for better quality education has resulted in more players entering the market with over 500 private schools functioning in 2017. American and British schools are the most luxurious, charging an average fee of close to KWD 4,000 per year, whereas Indian and Pakistani schools propose more affordable rates at an average fee of close to KWD 450 per year. The market revenue of K-12 education registered a CAGR close to 6% throughout 2012-2017.
Currently, private K-12 schools in Kuwait provide education to over 40% of its students. The nature of the market is fragmented with several types of schools offering all types of curricula & fee range. In majority, it has been noticed that private schools are separately owned, hence leaving more room for large scale operators to take over. Key Private Schools: American (American Creative Academy, The American School of Kuwait, American United School), British (Kuwait International English School, the English Academy, New English School Kuwait) and Indian (Fahaheel Watanieh Indian Private School, Indian Educational School, United Indian School). Major Public Schools: Pironi Medium for Boys, Safia Intermediate Girls, Bints Primary Girls, Doha Elementary School for Boys, Ouzai Secondary Boys, Amama Bint Bishr. The revenues generated by the K-12 education industry in the Kuwait are predicted to increase registering a five-year CAGR of close to 5% throughout 2017-2022.
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Whereas, the growth in Kuwait K-12 education market is facilitated by the growing schooling population, growing requirement for the private education and augment in scholarships proposed by foreign universities and several others. Kuwait has the high disposable income and are moving to the private schools owing to the higher educational value and improved future prospects available.
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Ankur Gupta, Head Marketing & Communications