IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 03 Jan 2016 | Removal date: open ended
Still in force

State loan

On 3 January 2016, the Saudi Industrial Development Fund (SIDF) on one of its official announcements for the investment activities for the fiscal year 2016, provided a loan amounting to SR 119 million (circa USD 32 million) for the expansion of an existing industrial project dedicated to the production of calcium chloride in the Saudi capital i.e.  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

342 Basic inorganic chemicals n.e.c.
2827 Chlorides, chloride oxides and chloride hydroxides; bromides and bromide oxides; iodides and iodide oxides.
282720 Calcium chloride

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