The Key Players in Vocational Training Market in GCC 2016-2020

Tuesday 19 July 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the vocational training market in GCC: ADVETI, NIVE, Qatar Skills Academy, and TVTC.

Other Prominent Vendors in the market are: Applied Technology, Higher Colleges of Technology, Public Authority for Applied Education & Training, Kuwait Investment Authority, Luminus, and TAFE SA International.

Commenting on the report, an analyst said: “One trend spurring the prospects for market growth is the diversification of the region’s economy. GCC has been investing in non-oil sectors such as healthcare, infrastructure, and education over the years to create a sustainable economy by reducing dependency on oil and promoting the growth of other sectors. In order to propel the diversification of the economy, it is essential that the young nationals are provided the means to attain skills and education to sustain themselves in industries of the future.”

According to the report, one driver leading to the growth of this market is the upsurge in employment in the construction sector. The construction sector is one of the largest employers in GCC. The majority of employment in the sector is either low-paid or requires skills in architecture and engineering. In order to fill jobs that require specialization in these skills, expatriates are given more preference. For instance, nearly 30% of the employment in Qatar is in construction; but less than 1% of Qatar nationals work in this sector.

Further, the report states that one challenge hampering this market’s growth prospects is the poor targeting of vocational training programs. The youth in GCC is a heterogeneous group, with different subgroups facing various constraints that hinder their progress in the labor market and employability. While some perceive their qualifications are inadequate for employment readiness, some graduates feel that they are overqualified for the jobs offered to them. Thus, it is essential that vocational training providers customize their programs as per the diverse needs of their target customers.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.