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 284 million SAR (ca. 76 million USD) loan for the exapansion of a steel plant in Jazan. The factory produces steel billets, reinforcement bars and rolled steel bars.
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.
 

AFFECTED COUNTRIES

MAP
TABLE
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AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7214 Other bars and rods of iron or nonalloy steel, not further worked than forged, hotrolled, hotdrawn or hotextruded, but including those twisted after rolling.
721410 Forged
721420 Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
721499 Other
7307 Tube or pipe fittings (for example, couplings, elbows, sleeves), of iron or steel.
730711 Of nonmalleable cast iron
730719 Other
730721 Flanges
730722 Threaded elbows, bends and sleeves
730723 Butt welding fittings
730729 Other
730791 Flanges
730792 Threaded elbows, bends and sleeves
730793 Butt welding fittings
730799 Other

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