Education is closely related to economic growth, which makes it important, especially in our high time g, where many aspire to obtain a high educational degree to obtain a job with a high income g, which affects the economic growth of the country and makes it progress over other countries. My team and i have done a lot of research in the area of economic growth. Because we are students at Princess Nora University, we went to choose the topic of the study’s link in economic growth and expansion with it to increase the awareness of female students about the importance of education and its impact on the country’s economic progress. Where we noticed that many people with low incomes are people who did not have an enough education degree, unlike those with high incomes.
The purpose of the report can be to publicize the importance of education today, and people are expected to increase economic growth. If spending on education yields returns of some kind, in the same way as spending on fixed capital, it makes sense to talk about investing in human capital. And the corresponding verification of investment in the fixed channel. the operation
First, we will talk about the main reasons why education is linked to economic growth. Then we will have a look at Public and private schools and how to invest in scientific material, And We will explain the link between education and economic growth with the 2030 vision … finally, we will summarize the repot.
Education in Saudi Arabia
Education in Saudi Arabia: The Saudi government developed the National Transformation Program 2020 to achieve some of the goals of the Vision 2030. In the Kingdom of Saudi Arabia, there are about 7.7 million students, 6.7 million (87%) attend public schools and 1 (13%) study in private schools. The total number of schools in Saudi Arabia is 30,625, 26,248 (86%) in general and 4,377 (14%) in private.
The number of public schools grew by 1% between 2013 and 2017, while the number of private schools grew by 13%. As for the private international schools, the Kingdom of Saudi Arabia has 7 schools for every one million people. Certain factors influence the educational landscape, including governments pressing for privatization, the need for comprehensive improvement in the quality of education, and the growing consumer preference for private schools that offer value for money.
Among the countries of the Gulf Cooperation Council, Dubai and Abu Dhabi are the two largest cities with the largest number of high-quality schools that offer international curricula. On the other hand, Riyadh and Jeddah have much less than international schools. Over the past five years, we notice a decrease in the per capita GDP of the Kingdom of Saudi Arabia and the United Arab Emirates. In the Kingdom of Saudi Arabia, consumer spending on education in the Kingdom of Saudi Arabia increased by 13%, while in the UAE it decreased by 18%. (Strategic Gears,2018)
Comparison between the United Arab Emirates and the Kingdom of Saudi Arabia: we note the high expatriate population and high income. The United Arab Emirates has a large number of high-quality international schools. Kingdom of Saudi Arabia on the other hand, few international schools and expats are low-income. The quality of teachers and curricula are the challenges facing the education market in the Kingdom in building an economy based on knowledge and prosperity. The Saudi Ministry of Education has made plans to improve current levels of education and address quality. We expect a significant increase in the number of private schools and an increase in the rate of enrollment, due to the increase in the number of students and the preference for private education. (Strategic Gears,2018)
During the year 2018 to 2025, the total number of students expected to rise to 3.5% per year in the Kingdom of Saudi Arabia. To accommodate new students, we need 2.1 million additional seats. Enrollment growth and shift to private schools: Private enrollment expected to reach 15% by 2025 depending on the enrollment growth rate for the past three years. More than 2,000 new private schools will be needed to accommodate more than a million students and to achieve the government’s goal of 25% of private enrollment. During the past five years, the number of public schools increased by 1%, while the number of private schools increased by 13%, indicating an increase in demand for private schools. (Strategic Gears,2018)