ANNOUNCEMENT 23 Apr 2015
On 23 April 2015, the Saudi Industrial Development Fund announced that it had provided a loan amounting to SR 44 million (circa USD 10 million) for an industrial project dedicated to the production of agricultural films.
NUMBER OF INTERVENTIONS
Saudi Industrial Development Fund. 2015. English. The Saudi Industrial Development Fund approved 66 industrial Loans totalling S.R. 3.2 billion. http://www.sidf.gov.sa/en/MediaCenter/news/Pages/Fund_News201525.aspx
On 23 April 2015, the Saudi Industrial Development Fund (SIDF) on one of its official announcements for the investment activities for the fiscal year 2015, provided a loan worth SR 44 million (circa USD 10 million) for an industrial project dedicated to the production of agricultural films.
As no specific inception date was provided for this state aid, the inception date is assumed to be equivalent to the announcement date.
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.