ANNOUNCED AS TEMPORARYNo
In the annual report for the fiscal year 2015, the Saudi Industrial Development Fund mentioned that it had provided for setting up two factories for the production of red bricks in the Saudi cities of Al-Kharj and Durma. The financial amount of the loans was estimated at SR 162 million (circa USD 43 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.
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