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 138  million (circa 37 million US Dollars ) for an expansion project for food manufacturing in Riyadh. 

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

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AFFECTED SECTORS AND PRODUCTS

211 Meat & meat products
212 Prepared & preserved fish, crustaceans, molluscs
213 Prepared & preserved vegetables, pulses & potatoes
214 Prepared & preserved fruits & nuts
215 Animal fats
216 Vegetable oils
217 Margarine & similar preparations
218 Cotton linters
219 Oil-cake; flours & meals of oil seeds; vegetable waxes; etc.
221 Processed liquid milk, cream & whey
222 Other dairy products
223 Eggs, in shell, preserved or cooked
231 Grain mill products
232 Starches & starch products; sugars & sugar syrups n.e.c.
233 Preparations used in animal feeding; lucerne meal & pellets
234 Bakery products
235 Sugar & molasses
236 Cocoa, chocolate & sugar confectionery
237 Macaroni, noodles, couscous & similar farinaceous products
239 Food products n.e.c.

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