The KSA education market offers significant scale potential. It is expected to grow at a CAGR of 11% by 2030 due to (i) population growth (ii) increased enrollment in private schools, and (iii) privatization/government initiatives. Above all there is a drive for improved quality.
International investors have been interested in the market but have largely adopted a monitoring strategy. The focus on quality is forcing the hand of some operators which creates opportunity for investors in terms of school improvement followed by consolidation/platform growth and ultimate disposal.
In this context Emkan has the opportunity to build on its reputation amongst private sector clients and its experience with the KSA public sector.