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The Ministry of Investment issued nearly 3,157 licenses in Q1 2024, a rise of 93% year-on-year (YoY), after excluding the licenses issued under the National Anti-Commercial Concealment Program (Tasattur).
Compared to Q4 2023, the number of investment licenses increased over 9% from around 2,884.
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% |
|
Q1 2024 |
3157 |
+93% |
**Updated data
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