Ministry of Investment headquarters
The Ministry of Investment issued nearly 1,819 licenses in the second quarter of 2023, a rise of 94% year-on-year (YoY), after excluding the licenses issued under the National Anti-Commercial Concealment Program (Tasattur).
Compared Q1 2023, the number of investment licenses increased 11% from around 1,639.
The total number of new investment licenses reached 1,833 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 |
+36% |
|
|
Q2 2021 |
528 |
+239% |
|
|
Q3 2021 |
852 |
+188% |
|
|
Q4 2021 |
976 |
+117% |
|
|
Q1 2022 |
1216 |
+156% |
|
|
Q2 2022 |
938 |
+78% |
|
|
Q3 2022 |
930 |
+9% |
|
|
Q4 2022 |
1276 |
+31% |
|
|
Q1 2023 |
1639 |
+35% |
|
|
Q2 2023 |
1819 |
+94% |
|
*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 Q2 2023, with 546 licenses, followed by manufacturing activity with 288 licenses.
The following table shows the distribution of investment licenses by sector during Q2 2023:
|
New Foreign Investment Projects by Sector in Q2 2023 |
|
|
Sector |
No. of licenses |
|
Construction |
546 |
|
Manufacturing |
288 |
|
Professional, Scientific and Technical Activities |
213 |
|
Information and communication |
161 |
|
Accommodation and Food Service |
151 |
|
Wholesale & Retail Trade |
120 |
|
Administrative & Support Services |
93 |
|
Transportation & Storage |
66 |
|
Real Estate |
28 |
|
Health and Social Activities |
28 |
|
Financial & Insurance Services |
24 |
|
Education |
22 |
|
Arts, Entertainment & Recreation |
18 |
|
Water Supply, Sewage Activities and Waste Management |
17 |
|
Agriculture, Forestry & Fishing |
16 |
|
Mining & Quarrying |
11 |
|
Electricity, Gas, Steam and Air Conditioning |
11 |
|
Public Administration and Defense |
1 |
|
Other |
19 |
|
Total |
1833 |
*Including licenses issued under the campaign to rectify the violators status of the National Anti-Commercial Concealment Program (Tasattur).
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