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 loans amounting to SR 4 billion (circa USD 1 billion) for four industrial projects dedicated setting up  complexes for the production of sulfuric acid, phosphoric acid, ammonia, and phosphate compound fertilizers in the Saudi cities of Ras Al-Khair and Turaif.

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.
2809 Diphosphorus pentaoxide; phosphoric acid; polyphosphoric acids, whether or not chemically defined.
280920 Phosphoric acid and polyphosphoric acids
346 Fertilizers & pesticides
3105 Mineral or chemical fertilisers containing two or three of the fertilising elements nitrogen, phosphorus and potassium; other fertilisers; goods of this Chapter in tablets or similar forms or in packages of a gross weight not exceeding 10 kg.
310520 Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium
310540 Ammonium dihydrogenorthophosphate (monoammonium phosphate) and mixtures thereof with diammonium hydrogenorthophosphate (diammonium phosphate)

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