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 2016 | Removal date: open ended
Still in force

State loan

In the annual report for the fiscal year 2016, the Saudi Industrial Development Fund mentioned that it had provided a loan for establishing an aluminium profile factory in the Saudi city of Sundair. The financial amount of the loan was estimated at circa SR 81 million (circa USD 21 million). As no inception date was provided for this state aid, the most conservative date, i.e. 31 December 2016, 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

415 Unfinished products of copper, nickel, aluminium, lead, zinc or tin
7604 Aluminium bars, rods and profiles.
760410 Of aluminium, not alloyed
760421 Hollow profiles
760429 Other

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