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 3.75 billion (circa 1 billion US Dollars) for the construction of the Maritime Yard Joint Venture project -- i.e. a project which represents an integrated complex of marine services and industries in the city of Ras Al-Khair. 

 

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

393 Metal wastes or scraps
8908 Vessels and other floating structures for breaking up.
890800 Vessels and other floating structures for breaking up.
435 Lifting & handling equipment & parts
8426 Ships' derricks; cranes, including cable cranes; mobile lifting frames, straddle carriers and works trucks fitted with a crane.
842611 Overhead travelling cranes on fixed support
842612 Mobile lifting frames on tyres and straddle carriers
842619 Other
842620 Tower cranes
842630 Portal or pedestal jib cranes
842641 On tyres
842649 Other
842691 Designed for mounting on road vehicles
842699 Other
493 Ships
8901 Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods.
890120 Tankers
8902 Fishing vessels; factory ships and other vessels for processing or preserving fishery products.
890200 Fishing vessels; factory ships and other vessels for processing or preserving fishery products.
8904 Tugs and pusher craft.
890400 Tugs and pusher craft.
8905 Lightvessels, firefloats, dredgers, floating cranes and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms.
890510 Dredgers
890520 Floating or submersible drilling or production platforms
890590 Other
8906 Other vessels, including warships and lifeboats other than rowing boats.
890690 Other
8907 Other floating structures (for example, rafts, tanks, coffer dams, landingstages, buoys and beacons).
890790 Other
494 Pleasure & sporting boats
8903 Yachts and other vessels for pleasure or sports; rowing boats and canoes.
890392 Motorboats, other than outboard motorboats
890399 Other
652 Water transport services of freight
675 Supporting services for water transport

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