IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 Dec 2014 | Removal date: open ended
Still in force

State loan

In 2015, the Saudi Industrial Development Fund published its Annual Report for the year 2014. The report mentions a 178 million SAR (ca. 47.5 million USD) loan for the expansion of an aluminized carton container factory in Riyadh. The containers are meant for long-lasting consumer products.
As no inception date was provided for this state aid, the most conservative date, i.e. 31 December 2014, is assumed.
 
The Saudi Industrial Development Fund
The Saudi Industrial Development Fund (SIDF) was established in 1974 to provide financing and support for Saudi Arabia's private industry through medium- and long-term loans. The funds are meant to upgrade, expand and create new branches of the country's industry. Since its establishment, the SIDF has provided until the end of 2014 nearly 118 billion SAR (ca. 31.5 billion USD) of loans, with 45.4 billion SAR going to the chemical sector and 20.1 billion SAR to the manufacture of consumer products.
 
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

321 Pulp, paper & paperboard
4819 Cartons, boxes, cases, bags and other packing containers, of paper, paperboard, cellulose wadding or webs of cellulose fibres; box files, letter trays, and similar articles, of paper or paperboard of a kind used in offices, shops or the like.
481910 Cartons, boxes and cases, of corrugated paper or paperboard
481920 Folding cartons, boxes and cases, of noncorrugated paper or paperboard
481930 Sacks and bags, having a base of a width of 40 cm or more
481940 Other sacks and bags, including cones
481950 Other packing containers, including record sleeves

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