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EU petrochemical exporters, the world's biggest, complain that SABIC also benefits from "hidden" subsidies like concessionary project finance provided by the Public Investment Fund (PIF) and Saudi Industrial Development Fund (SIDF). 20 percent by Gulf Investment Corporation, 20 percent by Arabian Company for Water and Power Projects, 30 percent by Marafiq (Power & Water Utility Company for Jubail and Yanbu), five percent by Saudi Electricity Company and five percent by Saudi Public Investment Fund. EU petrochemical exporters, the world's biggest, complain that SABIC benefits from subsidised fuel/ feedstock prices and "hidden" subsidies like concessionary project finance provided by the Public Investment Fund (PIF) and Saudi Industrial Development Fund (SIDF). |
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