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: 20 Nov 2016 | Removal date: open ended
Still in force

State loan

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 183 million (circa 49 million US Dollars ) for an expansion project for polymers production in Al-Kharj.

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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

347 Plastics in primary forms
3904 Polymers of vinyl chloride or of other halogenated olefins, in primary forms.
390410 Poly(vinyl chloride), not mixed with any other substances
390421 Nonplasticised
390422 Plasticised
390440 Other vinyl chloride copolymers
390461 Polytetrafluoroethylene
390469 Other
390490 Other
3905 Polymers of vinyl acetate or of other vinyl esters, in primary forms; other vinyl polymers in primary forms.
390519 Other
390529 Other
390530 Poly(vinyl alcohol), whether or not containing unhydrolysed acetate groups
3906 Acrylic polymers in primary forms.
390610 Poly(methyl methacrylate)
390690 Other

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