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With Dubai and Abu Dhabi consistently ranked among the top 10 global cities for relocation and among the world’s most multicultural and safest cities, it’s no wonder that the UAE expects significant population growth over the next decade. As this forecast grows, there will also be a need for more social infrastructure, including more schools and universities.
Since the UAE was first established in 1971, education has been the cornerstone of building communities that can keep pace with the necessary economic changes. Graduation rates have risen, and high-quality education has been placed at the pinnacle of the nation’s goals to achieve the nation’s vision for the future.
While investing in human capital is a primary objective, the UAE also strives to create an environment that supports the construction of pioneering schools in the UAE, ensuring that standards, form and content are delivered on a regular basis.
There are now over 200 international schools in the UAE, including well-known operators such as GEMS, Taaleem and Innoventures offering multi-course programmes, as well as internationally renowned schools such as Durham School, Nord Anglia and Lycée Francais – just to name a few – brought their foreign expertise to the UAE.
Due to projected population growth, the UAE is expected to need an additional 40 schools in the coming years, with Dubai and Abu Dhabi taking the largest share. We believe that the next step for the UAE to become the undisputed world-leading education centre will be to continue to attract the best universities to open campuses in the UAE. Universities such as New York University, La Sorbonne and INSEAD have achieved some great successes, cementing their presence in the UAE.
Area center
If the focus is right, we believe the UAE can become a regional hub for university education – attracting more students from the GCC, Indian subcontinent and Africa, provided it can attract other internationally renowned universities from the US, Canada, Europe and the Asia Pacific region .
As the population of the UAE grows, there is a need to accelerate the addition of assets and investors to support their development. Partnerships are critical to ensuring this country’s young people have access to the best education in the world.
The private sector is already developing these areas and earlier this year, Sheikh Mohammed bin Rashid announced the development of Ajyal Schools or Generation Schools as another step forward as private school groups such as Taaleem, Aldar Education and Bloom Education agreed to take over their management .
More than 20 private schools have opened in the past three years, and Dubai’s population is expected to grow to 6 million in the short term, meaning more educational assets will be needed sooner or later.
recurring challenges
The ability to secure school places in quality education facilities in the UAE is a recurring challenge, as many parents have discovered. The UAE is still a developing market, but there are still many leading education providers focusing on the region, and major brands are ready to establish a regional base here. If we are to continue to welcome the greatest thinkers and education providers to the Middle East, there is an unmet hunger for education and the call for more investment in education needs to be recognized and planned.
It will become increasingly competitive compared to other GCC countries that also want to bring leading brands to their shores. Saudi Arabia has made progress on this front, attracting some of the same goals to the kingdom.
Investments and planning will allow investors to take a long-term view of these assets and ensure managers can open them on time, while ensuring that the UAE’s educational capabilities are tailored to the country’s needs.
The years ahead will be critical in ensuring the UAE’s ability to educate future generations. Investments in core areas of the economy such as energy and transportation have been aligned, and we believe there is no better asset to invest in than the schools of the future.
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