ANNOUNCED AS TEMPORARYNo
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.
⚑ Please report this page in case you detect an inaccuracy in its content.