Middle East Executive Education and Corporate Training Market - Forecast(2024 - 2030)

Middle East Executive Education and Corporate Training Market size is estimated to reach $9.4 billion by 2030, growing at a CAGR of 9.5% during the forecast period 2024-2030. Middle East Executive Education and Corporate Training refers to the specialized training and educational programs offered to executives and professionals in the Middle East region. Executive education is essential because it provides professionals and leaders with a practical opportunity to develop their management knowledge and skills. Executives sometimes have demanding schedules, making it difficult for them to dedicate their time to lengthy academic programs. Short-term workshops, courses, and seminars are offered by executive education programs so that executives can sharpen their abilities and acquire new insights without interfering with their job commitments. Corporate training is crucial for organizations as it helps develop the skills and knowledge of their employees. These programs are designed to align the workforce with the organization's goals, enhance productivity, foster innovation, and improve employee engagement and retention. In the context of the Middle East, corporate training programs often address the unique challenges and opportunities faced by businesses in the region, such as cultural diversity, geopolitical factors, and industry-specific dynamics.

--

The “Middle East Executive Education and Corporate Training Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Middle East Executive Education and Corporate Training Market.

● The pandemic has accelerated the adoption of online and remote learning across various industries. Executive education and corporate training in the Middle East are likely to have experienced a similar shift. Virtual classrooms, webinars, and e-learning platforms became essential for delivering training programs while ensuring safety during the pandemic. 

● Different industries may be impacted in diverse ways. For instance, sectors with strong ties to global markets or those heavily reliant on international trade may feel the effects more acutely. Understanding the specific industries that make up the executive education and corporate training market in the Middle East is crucial for assessing the impact

UAE is taking proactive steps to address the growing demand for digital skills in the country. For instance, according to the World Economic Forum, with the goal of creating 1.5 million new jobs in the digital sector by 2025, the government has invested $100 million in the National Digital Talent Strategy. The Digital Skills Academy has already trained over 10,000 individuals, while partnerships with 10 universities and colleges provide the availability of scholarships and training programs to further boost the digital workforce. According to Data and Artificial Intelligence Authority (SDAI), Saudi Arabia would invest $20 billion between now and 2030 as the Saudi government's commitment to training 40% of the relevant workforce in data and AI by 2030 demonstrates their dedication to fostering a skilled workforce for the country's digital transformation and economic diversification. The Saudi government is clearly committed to developing a skilled workforce to support the country's digital transformation and economic diversification

Qatar's Ministry of Communications and Information Technology (MCIT) has partnered with Microsoft to implement a National Skilling Program aimed at upskilling 50,000 workers by 2025. The program was launched alongside the opening of a state-of-the-art Digital Center of Excellence in downtown Doha. These programs can cater to both professionals looking to enhance their career prospects and organizations seeking to ensure their workforce is equipped for the digital age. By delivering flexible and industry-relevant digital training, providers can play a pivotal role in supporting Qatar's digitalization efforts and economic growth.

With a strong focus on learning and development (L&D) across all sectors, the Kingdom of Saudi Arabia has been undertaking a significant shift towards a knowledge-based economy. The development of human capital has received special attention from the government under the Vision 2030 plan, which aims to diversify the economy and reduce its dependence on oil. The objective is to create a highly skilled workforce that can compete on a global scale. All these factors drive the demand for Executive Education and Corporate Training Market.

Instructor Led dominated the Middle East Executive Education and Corporate training market with a market share of approximately 53% in 2022. The Middle East region has been experiencing rapid economic growth and diversification. As a result, there is a growing demand for skilled professionals who can contribute to the region's development. Instructor- led executive education and corporate training programs cater to this demand by providing specialized training and skill development opportunities for professionals in various industries.

                                        

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Middle East Executive Education and Corporate Training Market. The top 10 companies in this industry are listed below:

1. NYU ABU DHABI 

2. Informa 

3. Dale Carnegie Training 

4. KFUPM Business School 

5. Harvard Business School 

6. Skillsoft 

7. GP Strategies 

8. FranklinCovey 

9. Mohamed bin Zayed University of Artificial Intelligence 

10. Sorbonne Abu Dhabi Others