Ministry of Investment issues 8,540 licenses in 2023

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The Ministry of Investment issued nearly 8,540 licenses in 2023, a rise of 96% year-on-year (YoY), after excluding the licenses issued under the National Anti-Commercial Concealment Program (Tasattur). 

 

According to the Economic and Investment Monitor report, the total number of investment licenses reached around 8,595 in 2023.

 

Compared to Q3 2023, the number of investment licenses increased 32% from around 2,192. 

 

The total number of new investment licenses stood at 2,898 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%

Q4 2023

2,884

+125%
*The data does not include licenses issued under the campaign to rectify the status of violators of Tasattur.

 

By sector, the construction activity came on top with 846 licenses last year, followed by manufacturing activity with 494 licenses. 

 

The following table shows the distribution of investment licenses by sector during Q4 2023:

 

New Foreign Investment Licenses by Sector in Q4 2023*

Sector

No. of licenses

Construction

846

Manufacturing

494

Professional, Scientific and Technical Activities

360

Information and communication

246

Accommodation and Food Service

197

Wholesale, and Rerail Trade

186

Administrative & Support Services

131

Transportation & Storage

106

Real Estate

60

Education

51

Arts, Entertainment & Recreation

44

Health and Social Activities

40

Agriculture, Forestry & Fishing

30

Other Services

29

Water Supply, Sewage Activities and Waste Management

28

Financial & Insurance Services

20

Electricity, Gas, Steam and Air Conditioning

15

Mining & Quarrying

15

Total

2,898

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

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