Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi businesswomen like to invest in education  Join our daily free Newsletter

MENAFN - Arab News - 26/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) About 47 percent of saudi businesswomen contribute significantly to the field of education.

moleha al-qahtani an investor who was able to obtain financing five years ago to open a school that received several awards said: 'investing in this sector is an investment in human capital and a contribution to building the community."

she said education is one of the main sectors that attracts saudi businesswomen for investment because of the lack of restrictions. while there are some obstacles and many challenges in this sector it is possible to overcome them. 'investment in the sector needs our contribution and the most important objective of such investment should not be financial gain" she said.

she added that her my rights of childhood project aims to promote development and change. another project accepts and educates children who suffer from minor problems such as attention deficit hyperactivity disorder to enhance their skills development because they are often not accepted in general education schools and there is difficulty in registering them in the disability centers.

alia al-essa another investor said she believes that the percentage of default in the educational sector is about 20 percent due to investors having little background in the sector.

with the increase in the number of businesswomen investing in the education sector in the past two years it is essential for women investors to have experience in order to avoid having their projects fail in the first year.

she said private education projects in particular are facing several obstacles due to saudization and the lack of local experienced cadres as well as the inability to pay salaries that have been set by the state which are about sr5600. she said these obstacles led to the closure of many schools in the kingdom.

she explained that more and more women are investing in the education sector but she feared that these investments might collide with investment constraints including the requirements of the ministries of education and municipal and rural affairs which change on daily basis and need clear laws.

she identified the main problems as obtaining a license which requires more than two years insufficient funding saudization requirements and the lack of saudi cadres who do not have enough experience and training.

salem bajajh professor of accounting at the university of taif said that a lot of parents are interested in investing in the education of their children as they realize that that the economic returns of their children's education is high in the long term.

he said a lot of saudi parents send their children abroad despite high tuition fees in order to teach them different languages. 'most countries have preceded us in investing in human capital and thus have achieved great success" he said and stressed the need to take advantage of these international experiences noting that the kingdom has made national human resource development one of the pillars of basic development.

in light of an urgent need to focus on education and training at the present time the king abdullah project for the development of public education allocated sr12 billion over five years as part of a new strategy for education to cover four points: improving the public learning environment teacher training curriculum development and extra-curricular activities.

sarah al-eissa of the department of private education in the eastern province said during a meeting held in the asharqia chamber recently that investment in the education sector received the support and attention of the ministry of education.

the meeting discussed the launch of several projects including the 'educational coupons project" in private schools as one of the new projects implemented by the ministry. the project involves the purchase of classroom seats in private schools for a scholarship provided by the state similar to what is happening in the higher education field in saudi arabia and in a number of other countries.

she said that the ministry is considering the mechanisms of the educational coupons project noting that there are many factors that control the distribution of these coupons.

the ministry wants to support private education so it is studying the distribution of these coupons to gifted students special education students and orphans.


 


Arab News




  MENA News Headlines
 Jan 29 2015 - Egyptian pound plunges against the dollar to EGP 7.46Daily News Egypt
(MENAFN - Daily News Egypt) For the seventh consecutive day, the Egyptian pound declined against the US dollar in a Central Bank of Egypt (CBE) auction reaching EGP 7.46 on Wednesday, declining ...

 Jan 29 2015 - Memorandum signed for storage, distribution of food products in EgyptDaily News Egypt
(MENAFN - Daily News Egypt) Minister of Supply Khaled Hanafy signed a memorandum of understanding with John Baird, Canadian Minister of Foreign Affairs, Trade and Development to increase cooperation ...

 Jan 29 2015 - Egyptian Industries Federation to promote Economic Summit in AfricaDaily News Egypt
(MENAFN - Daily News Egypt) The Federation of Egyptian Industries (FEI) will promote across Africa participation in the March Economic Summit scheduled in Sharm El-Sheikh, said FEI head Mohamed ...

 Jan 29 2015 - Egypt- US dollar rise to stop at EGP 8 before Economic Summit: FEI headDaily News Egypt
(MENAFN - Daily News Egypt) The current rise of the US dollar value against the Egyptian pound will benefit the economy on the long term; however, it will harm the budget on the short term, said head ...

 Jan 29 2015 - Egypt- Hilton to open new hotel in AlexandriaDaily News Egypt
(MENAFN - Daily News Egypt) Hilton Worldwide Hotels in Egypt has enjoyed a fruitful year in 2014, according to Christian Muhr, vice president of operations of Egypt and Levant for Hilton ...

 Jan 29 2015 - Egypt Air first in Africa granted green light to apply "Fast Travel" programmeDaily News Egypt
(MENAFN - Daily News Egypt) Egypt Air has become the first airlines in Africa to be granted the green light for the application of the "Fast Travel" programme, accredited by the International Air ...

 Jan 29 2015 - Egypt- High accident rates threaten Red Sea tourism: Ministry officialDaily News Egypt
(MENAFN - Daily News Egypt) Accidents in diving and other marine activities increased 200% over the past year and the tourism industry now faces a major crisis, according to an official from the ...

 Jan 29 2015 - Academy Awards nominated Yemeni film to be shown in Egypt for first timeDaily News Egypt
(MENAFN - Daily News Egypt) One of the goals of cinema is to erase the limits and spaces between cultures, places and people. By watching a film from a foreign country, people move in time and place ...

 Jan 29 2015 - Egypt- Government encourages Luxor, Aswan trips to promote domestic tourismDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Tourism has launched promotional campaigns to encourage trips to Luxor and Aswan in order to boost domestic tourism, according to Ahmed Moustafa, the ...

 Jan 29 2015 - Egypt- Government tells foreign journalists to 'be more accurate'Daily News Egypt
(MENAFN - Daily News Egypt) The head of the State Information Service (SIS) assembled a group of predominately foreign journalists on Wednesday to urge them to increase their reportage of the ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help