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 2013 | Removal date: open ended
Still in force

State loan

In 2014, the Saudi Industrial Development Fund published its Annual Report for the year 2013. The report mentions a 64 million SAR (ca. 17 million USD) loan for the construction of an iron grinding balls plant in Sudair Industrial City. The factory will also produce insulation sheets, industrial mills lining and railway repair spare parts.
As no inception date was provided for this state aid, the most conservative date, i.e. 31 December 2013, 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 (cf. 2014 Annual Report).
 
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.
The list of affected trading partners is based on the 4-digit HS code 7302 as well as the 6-digit HS codes 721911, 730110 and 732591.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7219 Flatrolled products of stainless steel, of a width of 600 mm or more.
721911 Of a thickness exceeding 10 mm
721912 Of a thickness of 4.75 mm or more but not exceeding 10 mm
721914 Of a thickness of less than 3 mm
721921 Of a thickness exceeding 10 mm
721922 Of a thickness of 4.75 mm or more but not exceeding 10 mm
721931 Of a thickness of 4.75 mm or more
721932 Of a thickness of 3 mm or more but less than 4.75 mm
721933 Of a thickness exceeding 1 mm but less than 3 mm
721934 Of a thickness of 0.5 mm or more but not exceeding 1 mm
721990 Other
7301 Sheet piling of iron or steel, whether or not drilled, punched or made from assembled elements; welded angles, shapes and sections, of iron or steel.
730110 Sheet piling
730120 Angles, shapes and sections
7302 Railway or tramway track construction material of iron or steel, the following : rails, checkrails and rack rails, switch blades, crossing frogs, point rods and other crossing pieces, sleepers (crossties), fishplates, chairs, chair wedges, sole plates
730210 Rails
730230 Switch blades, crossing frogs, point rods and other crossing pieces
730240 Fishplates and sole plates
730290 Other
429 Other fabricated metal products
7325 Other cast articles of iron or steel.
732510 Of nonmalleable cast iron
732591 Grinding balls and similar articles for mills
732599 Other

Please report this page in case you detect an inaccuracy in its content.