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: 10 Jul 2017 | Removal date: open ended
Still in force

State loan

The Saudi Industrial Development Fund on 10 July 2017, approved loans aimed to finance 24 national industrial projects across the country. According to the official statement of the Fund, the total amount of these loans is 2.691 billion dollars (circa USD  718 million) and their scope is to promote balanced economic development across the Kingdom, meet market demands and support the growing national industry.

Furthermore, the official statement of the Fund stated that the approval of these loans is aligned with the Kingdom's Vision 2030 Framework as well as the National Transformation Program 2020 -- which primary goals are to reduce the country's  dependence on oil as well as diversify the economy, while developing sectors such as health, education, infrastructure, recreation, and tourism.

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

531 Buildings
532 Civil engineering works

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