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 77 million SAR (ca. 20.5 million USD) loan for the construction of a fabric plant in Yanbu. The factory shall produce fixed fabrics and unwoven geo-textiles.
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

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AFFECTED SECTORS AND PRODUCTS

266 Woven fabrics (except special fabrics) of cotton
5208 Woven fabrics of cotton, containing 85 % or more by weight of cotton, weighing not more than 200 g/m2.
520811 Plain weave, weighing not more than 100 g/m2
279 Textiles n.e.c.
5603 Nonwovens, whether or not impregnated, coated, covered or laminated.
560311 Weighing not more than 25 g/m²
560312 Weighing more than 25 g/m² but not more than 70 g/m²
560313 Weighing more than 70 g/m² but not more than 150 g/m²
560314 Weighing more than 150 g/m²
560392 Weighing more than 25 g/m² but not more than 70 g/m²
560393 Weighing more than 70 g/m² but not more than 150 g/m²
560394 Weighing more than 150 g/m²

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