PLANS TO WOO FDI IN ED­U­CA­TION SEC­TOR

Qatar Today - - AFFAIRS > LOCAL -

In tune with the govern­ment's pol­icy to de­velop the na­tion's hu­man re­sources, Qatar Devel­op­ment Bank (QDB) and the Supreme Ed­u­ca­tion Coun­cil (SEC) are plan­ning to of­fer a 15-year ed­u­ca­tion loan to pri­vate in­vestors seek­ing to set up ed­u­ca­tional in­sti­tutes in the pre-pri­mary, pri­mary and se­condary seg­ments.

Ac­cord­ing to a re­port en­ti­tled GCC Ed­u­ca­tion In­dus­try 2014 re­leased by Alpen Cap­i­tal, the loan, made avail­able at a sub­sidised in­ter­est rate of 3-4% per year, will al­low in­vestors to fi­nance up to 70% of their over­all project cost. The SEC will con­duct the fea­si­bil­ity study for the ed­u­ca­tion projects.

The pri­vate school mar­ket in the coun­try stood at QR1.57 bil­lion ($433 mil­lion) in 2010, in terms of an­nual tuition fees, the re­port says, adding that the govern­ment has taken sev­eral mea­sures to at­tract for­eign di­rect in­vest­ment in the ed­u­ca­tion sec­tor by of­fer­ing tax con­ces­sions and pro­tec­tion of these in­vest­ments. “With these ben­e­fits, stu­dent en­roll­ment in for­eign schools in Qatar is on a rise,” the re­port says.

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