IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

SMEs

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Aug 2016 | Removal date: open ended
Still in force

Trade finance

 On 7 August 2016, the Governor of the General Authority for Small and Medium enterprises anounced that a fund of 4 billion Saudi Riyals 'USD 1 billion' has been created by ministerial decre to support the development of small and medium sized enterprises.
 
One objective of this fund is to expand the contribution of SMEs to Saudi GDP from 20% to 35% as part of the Saudi Vision 2030 strategy.
 
According to an official press release (see source below) "the fund will also increase the rate of non-oil exports," which may implicate foreign commercial interests.

AFFECTED COUNTRIES

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