Core Education & Technologies, a global leader in education sector, plans to set up quality institutions in the GCC as it sees huge potential for business growth in the region.
The Atlanta-based company, which has already established its subsidiary in the UAE -- Core Education & Consulting Solutions -- would soon announce first-ever project to expand its presence in the GCC's Dh238 billion ($ 65 billion) education sector.
"The GCC will be the thrust area for Core Education, going forward. We have had good business traction already and a strong pipeline created for our future projects," Sanjeev Mansotra, chairman and global chief executive of Core Education, told Khaleej Times.
Core, which recorded $ 343 million revenues during financial year 2010-11, is a global education company offering end-to-end solutions in three continents across the world. "We focus on 21st-century learning skills and solutions for education systems and believe that technology-enabled learning solutions, skill development and comprehensive school quality improvement programmes will play an essential role in the GCC in the coming years".
Mansotra said there will be an increasing pressure on the GCC's education sector, with the total number of students in the GCC region expected to rise from 9.5 million in 2010 to 11.3 million in 2020. To meet this demand, the region will require an additional 6,200 schools by 2020, with an additional 163,200 teachers to educate the students.
Mansotra states: "Core focuses on the entire continuum of education -- K-12 [formal education, higher education, vocational education]. Our solutions impact the four basic pillars of education -- teaching, learning, assessment, governance.
PPP in education
Mansotra had also come up with an innovative public-private partnership, or PPP, offering to the government. He has forged alliances with key partners like the University of Oxford, Centre of Higher Learning of Nasa and Texas Instruments. He has also formed long-term associations with the governments of the US, the UK and India, amongst many others.
"We do seek prestigious local partners who can complement our expertise and skills in the education sector."
About the PPP in education, he said, "PPP helps in the rapid expansion and improvement of the education infrastructure in terms of reach and quality through investment in the resources, which otherwise would be very difficult for the governments to achieve in short period of time."
UAE -- an investment destination
About the business environment in UAE, he said: "What strikes me is the vision with which the UAE government operates, along with the excellent infrastructure, investor-friendly environment and swift decision-making process. All this make the UAE an investment decision of choice for global companies."
Mansotra's first corporate venture was in the iron and steel industry. Later, he made successful forays into education and health sectors and recorded significant business growth in recent past.
"Our financial year ends on March 31. In the previous financial year, we grew by about 50 per cent with all our subsidiaries and geographies showing robust growth. The first-quarter of financial year 2012-13 has been significant in Core making landmark progress and inroads in the Middle East Africa region," he said.
About another foray into the region, he said the company is planning to expand its wellness business in the Middle East. "Apart from Core Education, we operate successful business entities in wellness, energy and international business. We already have an established international business company based out of Dubai for the past decade."
For more information visit. http://www.core-edutech.com