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 2011 | Removal date: open ended
Still in force

State loan

In 2012, the Saudi Industrial Development Fund published its Annual Report for the year 2011. The report mentions a 153 million SAR (ca. 40.8 million USD) loan for the construction of a steel rebar plant in Khamis Mushait. The factory shall produce can-making flats and can-ends.
As no inception date was provided for this state aid, the most conservative date, i.e. 31 December 2011, 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

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.
721420 Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
721430 Other, of freecutting steel
721491 Of rectangular (other than square) crosssection
721499 Other

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