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Saudi Arabia: The PIF, Aramco and Baosteel sign an agreement to establish an integrated steel plate manufacturing complex in Saudi Arabia

Description

On 1 May 2023, the Public Investment Fund (PIF) announced an agreement with ARAMCO and Baoshan Iron & Steel Co (Baosteel) for the establishment of an integrated steel plate manufacturing complex i...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 May 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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