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: 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 three loans for setting up three steel billet factories in the Saudi cities of Al-Kharj and Jubail. The financial amount of the loans was estimated at SR 229 million (circa USD 61 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

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TABLE
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AFFECTED SECTORS AND PRODUCTS

411 Basic iron & steel
7207 Semifinished products of iron or nonalloy steel.
720719 Other

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