Page 14 - CAREPOINT GLOBAL BUSINESS PLAN

CarePoint Global Business Plan
USD 342 billion for the refurbishment of several universities plus the
construction of three new universities

USD 6.87 billion for over 200,000 Saudi students studying abroad

USD 506.7 million for the renovation of schools and sport centers

CONFIDENTIAL
MARKET ENTRY

TECHNICAL AND VOCATIONAL TRAINING (TVTC)

TVTC oversees the Saudi Technical and Vocational Education and Training (TVET) program and
carries out workforce development through technical colleges

Industrial institutes and Colleges of Excellence. These industrial organizations provide vocational education

to high school students to meet the needs of the labor market in technical specialties and are a vocational
alternative to traditional university study. The newly established Colleges of Excellence provide courses
designed in consultation with the private sector to develop skills needed for the local
job market. Courses encompass business administration, hospitality and tourism, fashion and beauty, IT and

electrical technology. Ministry of Labor (MoL) and the Human Resources Development Fund (HRDF) The
MoL is driving the expansion of technical education outside the university system through several
Subsidiaries including the HRDF and Takamol, which is the MoL’s vehicle for public-private partnerships. HRDF
provides qualified manpower to the private sector by funding programs that fit the needs of the
labor market and by publishing studies that address barriers to employment. These programs
include job placement centers, job fairs

(the Liqaat program), online training platforms, SME training and job preparation programs (
Doroob).

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