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GCC to spend $150bn on education: report

A report by investment bank, Alpen Capital has said the recurring spend on education in the GCC is set to hit $150bn in the next few years, as the market presents big prospects for new private players and consolidation opportunities for existing ones, Khaleej Times has reported. “The education sector in the region is growing at a fast pace and presents opportunities for private investors. The M&A activity in the sector has picked up pace in recent times,” said the report. The bank also ranked the UAE as the most developed education market in the region and an emerging education hub, while the Saudi market is the largest, accounting for more than 75% of the gross enrolment within the GCC.