ANNOUNCEMENT 06 Feb 2010
On 6 February 2010, the Saudi Fund for Development (SFD), signed a financing agreement with two Saudi companies, Autumn Group Company and Industries Co. The financing agreement is part of SFD's Saudi Export Program (SEP) and contains a local sourcing requirement.NUMBER OF INTERVENTIONS
2
SOURCE
The Saudi Fund for Development, press release of 6 February 2010: Fund signed two agreements to finance the national exports to the Republic of Turkey, a total amount of 75 million Saudi riyals: http://www.sep.gov.sa/webcenter/faces/oracle/webcenter/page/scopedMD/s496069c3_e35f_448c_8a0a_0c2ed8086bcf/Page29.jspx?wc.contextURL=%2Fspaces%2Fexportprogram&DFile=121-DOCUMENT-147109&NRow=7&wc.originURL=%2Fspaces%2Fexportprogram%2Fpage%2FLatest%2BNews%2BDetails&_afrLoop=406679698886869#%40%3FNRow%3D7%26_afrLoop%3D406679698886869%26wc.originURL%3D%252Fspaces%252Fexportprogram%252Fpage%252FLatest%252BNews%252BDetails%26DFile%3D121-DOCUMENT-147109%26wc.contextURL%3D%252Fspaces%252Fexportprogram%26_adf.ctrl-state%3Dk3zm4bq8i_329
The Saudi Export Program, Introduction: http://www.sep.gov.sa/webcenter/faces/oracle/webcenter/page/scopedMD/s496069c3_e35f_448c_8a0a_0c2ed8086bcf/Page2.jspx?wc.contextURL=%2Fspaces%2Fexportprogram&DFile=SEP_PROJECT_DATAFILE&NRow=0&wc.originURL=%2Fspaces%2Fexportprogram%2Fpage%2FFORWARD&_afrLoop=279550133356624#%40%3FNRow%3D0%26_afrLoop%3D279550133356624%26wc.originURL%3D%252Fspaces%252Fexportprogram%252Fpage%252FFORWARD%26DFile%3DSEP_PROJECT_DATAFILE%26wc.contextURL%3D%252Fspaces%252Fexportprogram%26_adf.ctrl-state%3Dnazuebmo7_2622
The Saudi Fund for Development, What IS SFD?: http://www.sep.gov.sa/webcenter/faces/oracle/webcenter/page/scopedMD/s5dc73d77_7324_4d08_b347_444721019cba/Page2.jspx?wc.contextURL=%2Fspaces%2Fsfdinternet&wc.originURL=%2Fspaces%2Fsfdinternet%2Fpage%2FWhat%2Bis%2BSFD&_afrLoop=276574034869471#%40%3F_afrLoop%3D276574034869471%26wc.originURL%3D%252Fspaces%252Fsfdinternet%252Fpage%252FWhat%252Bis%252BSFD%26wc.contextURL%3D%252Fspaces%252Fsfdinternet%26_adf.ctrl-state%3Dnazuebmo7_2174
The Saudi Export Program, Eligible parties for SEP benefits: http://www.sep.gov.sa/webcenter/faces/oracle/webcenter/page/scopedMD/s496069c3_e35f_448c_8a0a_0c2ed8086bcf/Page12.jspx?_afrLoop=262217691043248&wc.originURL=%2Fspaces%2Fexportprogram%2Fpage%2FELIGIBLE%2BPARTIES%2BFOR%2BSEP%2BBENEFITS&wc.contextURL=%2Fspaces%2Fexportprogram&_adf.ctrl-state=wivj9vjgj_1467#%40%3F_afrLoop%3D262217691043248%26wc.originURL%3D%252Fspaces%252Fexportprogram%252Fpage%252FELIGIBLE%252BPARTIES%252BFOR%252BSEP%252BBENEFITS%26wc.contextURL%3D%252Fspaces%252Fexportprogram%26_adf.ctrl-state%3Dnazuebmo7_1111
AFFECTED SECTORS
AFFECTED PRODUCTS
According to the terms of the SFD, the goods and services exported within this transaction must contain a Saudi domestic value of 25% or more.