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 one of its official announcements concerning the Fund's investment activities in 2016, highlighted that it had provided a loan amounting to approximately SR 46 million (circa 12 million US Dollars ) for setting up a granite and marble factory in Najran's Industrial City. 

 

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

151 Monumental or building stone
2515 Marble, travertine, ecaussine and other calcareous monumental or building stone of an apparent specific gravity of 2.5 or more, and alabaster, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (inc
251511 Crude or roughly trimmed
251512 Merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape
2516 Granite, porphyry, basalt, sandstone and other monumental or building stone, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape.
251690 Other monumental or building stone
376 Monumental or building stone & articles
6802 Worked monumental or building stone (except slate) and articles thereof, other than goods of heading 68.01; mosaic cubes and the like, of natural stone (including slate), whether or not on a backing; artificially coloured granules, chippings and powder, o
680221 Marble, travertine and alabaster
680223 Granite
680291 Marble, travertine and alabaster
680293 Granite

Please report this page in case you detect an inaccuracy in its content.