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 2010 | Removal date: open ended
Still in force

State loan

In 2011, the Saudi Industrial Development Fund published its Annual Report for the year 2010. The report mentions two loans worth 900 million SAR (ca. 240 million USD) for the construction of two plants producing caustic soda in Jubail. The plants shall also produce ethylene dichloride and hydrochloric acid.
As no inception date was provided for this state aid, the most conservative date, i.e. 31 December 2010, 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 one the 6-digit HS codes 280610, 281511 and 290315.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

341 Basic organic chemicals
2903 Halogenated derivatives of hydrocarbons.
290311 Chloromethane (methyl chloride) and chloroethane (ethyl chloride)
290313 Chloroform (trichloromethane)
290319 Other
290339 Other
290371 Chlorodifluoromethane
290377 Other, perhalogenated only with fluorine and chlorine
342 Basic inorganic chemicals n.e.c.
2806 Hydrogen chloride (hydrochloric acid); chlorosulphuric acid.
280610 Hydrogen chloride (hydrochloric acid)
2815 Sodium hydroxide (caustic soda); potassium hydroxide (caustic potash); peroxides of sodium or potassium.
281511 Solid
281520 Potassium hydroxide (caustic potash)
281530 Peroxides of sodium or potassium

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