Local Content Program 'Asasat'

The Local Content Program 'Asasat' is a program offering a range of investment opportunities in the railway sector in the Kingdom of Saudi Arabia. It was launched by Saudi Arabia Railways 'SAR' in partnership with the Local Content and Government Procurement Authority in 2024. The program aims to enhance the industrial development of the railway sector within Saudi Arabia, ensuring sustainability while contributing to economic growth through the localization of railway manufacturing. Additionally, it provides investment opportunities for local suppliers and manufacturers to support local content and promote economic diversification.

The Local Content Program 'Asasat' was launched during the opening ceremony of the Saudi Railway Exhibition and Conference in Riyadh City on November 20, 2024. This initiative is part of a collaborative effort between 'SAR' and the private sector, integrating with the Local Content and Government Procurement Authority. It aims to generate investment opportunities worth SAR15 billion by 2030.

The Local Content Program 'Asasat' seeks to support national industries and local content by empowering Saudi small and medium enterprises (SMEs) to enhance the competitiveness of the railway sector. It also aims to attract investors to the railway industry, diversify the national economy, and create new job opportunities for Saudi youth.

The Local Content Program 'Asasat' offers investment opportunities in the railway sector, including manufacturing and refurbishing train carriages, producing mechanical and electrical spare parts, building and maintaining railway infrastructure, developing smart technologies, supporting operations such as transportation, logistics services, and analysis and simulation technologies, and investing in sustainability through electric trains and clean energy technologies.