The VitalSource e-textbook platform owned by Ingram Content Group has been picked by a recently launched venture that aims to bring education technology to the many parts of the Middle East and North Africa. Panworld Education was launched earlier this summer by the Pan World General Trading conglomerate.
The education marketplace in the Middle East is expanding rapidly, with industry sources projecting its worth to be approximately $61 billion by 2015, and the school-age population in the MENA region is predicted to grow to 53.6 million students in 2015. Recently, Saudi Arabia announced a 13 percent increase in its education budget, allocating $54 billion towards higher education and workforce training.
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