Complex Made Simple

Chinese, Gulf investors eyeing Saudi private education sector

Saudi Arabia's National Committee for Private Education (NCPE) has said Chinese and Gulf investors have expressed interest in the country's private schools sector, which is estimated to be worth SR12bn, Arab News has reported. The NCPE is planning to launch a holding company for educational investment, called Saudi Skills, within six months. "It will initially be a closed joint stock company and its initial public offering (IPO) or stock market launch will take place after conditions are met," said NCPE chairman, Abdul Kareem Al-Haqabani.