The feasibility study for the College of Science and Technology aims to assess the feasibility of establishing a specialized institution that meets the growing demand for scientific and technological competencies. The study includes a comprehensive analysis of the economic, social, and technical factors affecting the project’s success, with a focus on identifying various labor market needs. The study includes an assessment of the necessary infrastructure, such as buildings, laboratories, and equipment, along with an estimation of the costs associated with the establishment and operation process. Criteria for selecting faculty and technicians are also determined to ensure the quality of the educational process, in addition to developing a curriculum development plan in accordance with international academic standards. On the financial side, potential revenues from tuition fees are estimated, along with an analysis of operational costs to ensure the project’s sustainability. The study also includes the development of a comprehensive financing plan and a timeline for the efficient implementation of the project phases. The importance of the feasibility study lies in providing a clear vision of potential strengths and challenges, which helps in making strategic decisions that contribute to the project’s success and ensure the achievement of its educational and development goals.
The College of Science and Technology project is a strategic investment aimed at preparing qualified personnel who keep pace with scientific developments and contribute to supporting sustainable development. The college seeks to create a stimulating environment for research and innovation by offering specialized academic programs that integrate theoretical and applied sciences, ensuring students are equipped with practical skills commensurate with the needs of the labor market. The project’s importance lies in several aspects, most notably the graduation of qualified specialists in fields that witness increasing demand locally and globally, in addition to supporting innovation and entrepreneurship by providing an academic environment that encourages students to develop creative and innovative solutions. The college also contributes to community development by producing research that addresses pressing issues. It also promotes international cooperation by building academic and research partnerships with global institutions, which greatly facilitates the exchange of expertise and raises the level of education and scientific research. Thus, the project is an important step towards building an advanced educational system that supports the transition to a knowledge-based economy and enhances the country’s position in the scientific and technological arena. If you are interested in investing in this successful project, contact Mashroo3k experts to obtain an unparalleled feasibility study for the College of Science and Technology at a competitive price.
Executive Summary
Study of project services/products
Market Size Study
Risk study
The Education Sector in the GCC Countries
Because Mashroo3k Economic Consulting and Market Research believes in the importance of the education sector and its role in localizing the national workforce, it has decided to present the following key indicators of the education sector in the GCC countries, calling for investment in this important sector:
The total number of students in early childhood development (including nurseries and kindergartens) in the GCC countries, according to the latest available statistics, reached 851,500 students.
The number of students in school levels in the GCC countries was estimated at approximately 9.3 million students (79.4% in the public sector and 20.6% in the private sector).
The number of students in adult education centers was estimated at approximately 181,247 students.
The number of higher education students was estimated at 2,206,446 students.
The number of early childhood teachers was estimated at 50,647.
The number of school teachers was estimated at approximately 727,904.
There are 5,806 existing early childhood education institutions.
There are 32,310 existing primary education institutions.
In recent years, governments in the Gulf Cooperation Council (GCC) countries have sought to bridge the gap between education and the labor market. They have adopted educational curricula that increase the share of vocational and technical education and encourage learning through modern media and technologies. In this context, we should not fail to point out the increased spending in these six countries on education and its quality, in order to graduate generations that meet the private sector’s workforce needs.
According to the latest statistics, Saudi Arabia spends 18.9% of its budget on education, the UAE spends 14.8% of its budget on education, the Sultanate of Oman spends 12.2% of its budget on education, Bahrain spends 9.8% of its budget on education, Kuwait spends 12.3% of its budget on education, and Qatar spends 10.5% of its budget on education. By 2023, the private education market in the GCC will reach $26.2 billion.
Global Education Sector
The global education services market was valued at approximately $2,882.52 billion by the end of 2021, and global experts expect the market to reach $3,191.79 billion by the end of 2022, achieving a compound annual growth rate (CAGR) of 10.7%. By 2026, the market will reach $4,623.90 billion, representing a CAGR of 9.7% over the forecast period.
By 2030, the global value of education as an industry will reach US$10 trillion.
By 2024, the value of online education worldwide will reach US$247.46 billion.
The AI education market will expand at a compound annual growth rate of 36% from 2022 to 2030.
In 2000, the number of students worldwide was approximately 657 million, and this number increased to 739 million in 2019.
In 2000, the number of secondary school students was approximately 452 million, and this number increased to 601 million in 2019.
