‎Ministry of Investment issues 3,157 licenses in Q1 2024

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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