Ministry of Investment issues 2,192 licenses in Q3 2023

Logo of Ministry of Investment

The Ministry of Investment issued nearly 2,192 licenses in the third quarter of 2023, a surge of 136% year-on-year (YoY), after excluding the licenses issued under the National Anti-Commercial Concealment Program (Tasattur). 

 

Compared to Q2 2023, the number of investment licenses increased 21% from around 1,819. 

 

The total number of new investment licenses reached 2,202 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

1,216

+156%

 

Q2 2022

938

+78%

 

Q3 2022

930

+9%

 

Q4 2022

1,282

+31%

 

Q1 2023

1,639

+35%

 

Q2 2023

1,819

+94%

 

Q3 2023

2,192

+136%

 
*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 Q3 2023, with 654 licenses, followed by manufacturing activity with 360 licenses. 

 

The following table shows the distribution of investment licenses by sector during Q3 2023:

 

New Foreign Investment Licenses by Sector in Q3 2023*

Sector 

No. of licenses 

Construction 

654

Manufacturing 

360

Professional, Scientific and Technical Activities 

216

Information and communication 

204

Accommodation and Food Service 

166

Administrative & Support Services 

138

Wholesale, and Rerail Trade  

137

Transportation & Storage 

89

Arts, Entertainment & Recreation 

32

Real Estate

29

Other

29

Water Supply, Sewage Activities and Waste Management 

27

Health and Social Activities

25

Agriculture, Forestry & Fishing

25

Financial & Insurance Services

22

Education

20

Mining & Quarrying

17

Electricity, Gas, Steam and Air Conditioning  

11

Public Administration and Defense 

1

Total 

2,202

*Including licenses issued under the campaign to rectify the violators status of Tasattur.

 

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