The Ministry of Investment issued nearly 3,157 licenses in the first quarter of 2024, a rise of 93% year-on-year (YoY), after excluding the licenses issued under the National Anti-Commercial Concealment Program (Tasattur).
Compared Q4 2023, the number of investment licenses increased 9% from around 2,884.
The total number of new investment licenses reached 3,197 for the same period.
The following table shows the development of investment licenses since the first quarter of 2020:
Investment Licenses since 2020*
Period
Number of Licenses
Growth Rate
Q1 2020
351
+19%
Q2 2020
156
(46%)
Q3 2020
307
+22%
Q4 2020
449
+55%
Q1 2021
476
+35%
Q2 2021
528
+234%
Q3 2021
854
+178%
Q4 2021
976
+117%
Q1 2022
1216
+156%
Q2 2022
938
+78%
Q3 2022
930
+9%
Q4 2022
1282
+31%
Q1 2023
1639
+35%
Q2 2023
1819
+94%
Q3 2023
2192
+136%
Q4 2023
2884
+125%
Q1 2024
3157
+93%
*The data does not include licenses issued under the campaign to rectify the status of violators of Tasattur.
According to the report, the building and construction activity topped the new investment licenses during Q1 2024, with 864 licenses, followed by manufacturing activity with 620 licenses.
The following table shows the distribution of investment licenses by sector during Q1 2024:
New Foreign Investment Projects by Sector in Q1 2024
Sector
No. of licenses
Construction
864
Manufacturing
620
Professional, Scientific and Technical Activities
396
Information and communication
263
Accommodation and Food Service
221
Wholesale, and Retail Trade
218
Administrative & Support Services
135
Transportation & Storage
105
Real Estate
53
Education
40
Water Supply, Sewage Activities and Waste Management
40
Agriculture, Forestry & Fishing
39
Mining & Quarrying
35
Arts, Entertainment & Recreation
32
Health and Social Activities
31
Other
27
Financial & Insurance Services
21
Electricity, Gas, Steam and Air Conditioning
15
Public Administration and Defense
2
Total
3157
*Including licenses issued under the campaign to rectify the violators status of the National Anti-Commercial Concealment Program (Tasattur).
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