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 loans for the expansion of three factories engaged in the production of dry silica, sanitary ware and extension supplies as well as insulated glass in the city of Riyadh. The financial amount of this loans was SR 59 million (USD 15 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

153 Sands, pebbles, gravel, natural bitumen & asphalt
2505 Natural sands of all kinds, whether or not coloured, other than metalbearing sands of Chapter 26.
250510 Silica sands and quartz sands
371 Glass & glass products
7008 Multiplewalled insulating units of glass.
700800 Multiplewalled insulating units of glass.
372 Non-structural ceramic ware
6910 Ceramic sinks, wash basins, wash basin pedestals, baths, bidets, water closet pans, flushing cisterns, urinals and similar sanitary fixtures.
691010 Of porcelain or china
691090 Other
463 Insulated wire & cable; optical fibre cables
8544 Insulated (including enamelled or anodised) wire, cable (including coaxial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with
854411 Of copper
854419 Other
854420 Coaxial cable and other coaxial electric conductors
854430 Ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
854442 Fitted with connectors
854449 Other
854460 Other electric conductors, for a voltage exceeding 1,000 V
854470 Optical fibre cables

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