This opportunity aims at establishing private kindergartens across the Kingdom of Saudi Arabia. Private kindergartens will offer education in local and/or international curriculums.
Today, Saudi Arabia has 300,000 students in kindergarten of which 52% are enrolled in private kindergartens. The total enrolment of children in kindergarten is low, standing at only 14% in 2017 and leaving room for growth in KG students to 27% by 2020 as per the National Transformation Program 2020 set target.
Growth in Saudi Arabia's private kindergarten market is driven by 3 key factors:
The number of kindergarten students in KSA is forecasted to grow to 834,000 by 2030; with ~430,000 students enrolled in private kindergartens.
With growth in KG enrollment and higher tuition fees, the KSA private kindergarten market is expected to increase from ~USD 595 million in 2017 to ~USD 2.4 billion by 2030 (resulting in an 11% CAGR). The market growth is expected to result in ~275,000 new seats in private kindergartens by 2030.
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