Logo of Ministry of Investment
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% |
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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