ANNOUNCED AS TEMPORARYNo
The Saudi Industrial Development Fund in on of its official announcements concerning the Fund's investment activities in 2016, highlighted that it had provided a loan amounting to approximately SR 130 million (circa 35 million US Dollars ) for the purpose of setting up a new pharmaceutical production project located in Sudair City for Business and Industry.
As no specific inception date was provided for this state aid, the inception date is assumed to be equivalent to the announcement date.
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.
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.
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