ANNOUNCED AS TEMPORARYNo
In 2010, the Saudi Industrial Development Fund published its Annual Report for the year 2009. The report mentions a 47 million SAR (ca. 12.5 million USD) loan for the expansion of a flat glass plant in Yanbu.
As no inception date was provided for this state aid, the most conservative date, i.e. 31 December 2009, 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.
As Saudi Arabia did not import more than 1 million USD worth of the selected product from any country in 2008, no affected trading partners were selected.
⚑ Please report this page in case you detect an inaccuracy in its content.