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FINANCIAL NEWS
Mideast private investment in ed-tech is ‘alarmingly sparse’
15 Mar 2016
(MENAFN) The Middle East, private investment flowing into education tech (ed-tech) is alarmingly sparse, while almost 3,200 education firms have received private ed-tech since 2011.
Moreover, private investment in ed-tech spread, broadening chances to reach new communities of learners, which increased by 32 percent from USD 1.5mn in 2011.
In addition, it reached USD 4.5bn in 2015, with investment in preschool across secondary school accounting for the bulk of whole investment at 38 percent.
There are 12 firms which received ed-tech investments currently: three in Egypt, three in KSA, one in Jordan, one in Kuwait, one in Lebanon, one in Oman, one in Qatar and one in the UAE.
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