Global Trade Alert
Global Trade Alert

Saudi Arabia: SIDF Launched three initiatives with SR 3.7 billion to support the industrial sector

Announcement

21 Apr 2020

In April 2020, The Saudi Industrial Development Fund (SIDF) announced three initiatives with the amount of SR 3.7 billion (approx. USD 986.1 million) to support the industrial sector from the impacts of COVID-19. 

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Apr 2020

Revocation date:

No revocation date

Announced: 21 Apr 2020
State loan In force
On 21 April 2020, the Saudi Industrial Development Fund (SIDF) allocated SR 319 billion (approx. USD 85 million) to defer loans instalments and finance the purchase of raw materials for medical and ph...
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Announced: 21 Apr 2020
State loan In force
On 21 April 2020, the Saudi Industrial Development Fund (SIDF) allocated SR 1.9 billion for SMEs (approx. 523.7 USD million). The amount granted is divided to: 1) For deferment and restructuring of lo...
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Announced: 21 Apr 2020
Lending support In force
On 21 April 2020, The Saudi Industrial Development Fund (SIDF) allocated SR 1.3 billion (USD approx. 364.4 million) to deferment and restructuring of loan instalments for large enterprises. The budge...
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