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 2012 | Removal date: open ended
Still in force

State loan

In 2013, the Saudi Industrial Development Fund published its Annual Report for the year 2012. The report mentions a 312 million SAR (ca. 83 million USD) loan for the construction of a di-amino glycol plant in Jubail. The factory will also produce morpholine and secondary products such as amine c-11, amine c-10 or morpholine precipitate.
 
As no inception date was provided for this state aid, the most conservative date, i.e. 31 December 2012, 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 codes 2921 and 2942 as well as the 6-digit HS code 293339.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

341 Basic organic chemicals
2921 Aminefunction compounds.
292119 Other
292121 Ethylenediamine and its salts
292130 Cyclanic, cyclenic or cycloterpenic mono or polyamines, and their derivatives; salts thereof
292144 Diphenylamine and its derivatives; salts thereof
292145 1Naphthylamine (alphanaphthylamine), 2naphthylamine (beta naphthylamine) and their derivatives; salts thereof
292151 o, m, pPhenylenediamine, diaminotoluenes, and their derivatives; salts thereof
2933 Heterocyclic compounds with nitrogen heteroatom(s) only.
293339 Other
2942 Other organic compounds.
294200 Other organic compounds.

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