Al-Bunyan: Nearly 200 foreign investment applications flood Saudi public and university education ...Saudi Arabia

ٍٍٍSaudi Gazette - News
Al-Bunyan: Nearly 200 foreign investment applications flood Saudi public and university education
source : ٍٍٍSaudi Gazette ( Saudi Arabia ) () 32
RIYADH — Minister of Education Yousef Al-Bunyan said that there is a clear rise in foreign private-sector participation in delivering the Kingdom’s education strategy, with more than 199 investment applications submitted across public and university education. This underscores the role of the investment environment across sectors, particularly education where the government has established an attractive and supportive climate for investment. Speaking at the Education Investment Forum in Riyadh on Sunday, the minister noted that the education sector benefits from strong backing by the wise leadership through Vision 2030 and the Human Capital Development Program, chaired by Crown Prince and Prime Minister Mohammed bin Salman. Al-Bunyan emphasized that realizing the education strategy requires not only the public sector but also coordinated engagement between the public sector, local and international private investors, and the non-profit sector. The Ministry of Education is creating a regulatory framework to boost participation from local and international private entities and non-profits through enabling policies, greater flexibility for foreign investment, a clear investor guide, and transparent privatization pathways. Al-Bunyan stated that the ministry is establishing three core enabling environments for investors: legislative enabling—granting operational independence to ensure returns and flexibility to meet investor strategies; operational enabling—advancing digital infrastructure within the education system to improve services, productivity, flexibility, and beneficiary experience; and financial enabling—structuring service procurement to encourage private-sector participation. The minister highlighted growing maturity in inter-ministerial integration—among the Ministry of Investment, Ministry of Commerce, Ministry of Human Resources, and Ministry of Sports—which aligns with Vision 2030’s goal of institutionalized, well-governed cross-sector collaboration. "Education is not just spending; it is an investment in human capital. We all aspire to work towards building the future for our sons and daughters, fulfilling the aspirations of our leadership and families, so that Saudi citizens become not only local and regional competitors but also international competitors,” he added.

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