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: 31 Dec 2015 | Removal date: open ended
Still in force

State loan

In the annual report for the fiscal year 2015, the Saudi Industrial Development Fund mentioned that it had provided a loan for setting up a factory for the production of Mamoul (traditional Saudi sweet), cake, ice cream and chocolate in the Saudi city of Al-Kharj. The financial amount of this loan was estimated at approximately SR 60 million (circa USD 16 million).

As no inception date was provided for this state aid, the most conservative date, i.e. 31 December 2015, is assumed.

 

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

222 Other dairy products
2105 Ice cream and other edible ice, whether or not containing cocoa.
210500 Ice cream and other edible ice, whether or not containing cocoa.
236 Cocoa, chocolate & sugar confectionery
1806 Chocolate and other food preparations containing cocoa.
180631 Filled
180632 Not filled
239 Food products n.e.c.
1905 Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products.
190590 Other

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