Ministry of Investment issues 3,810 licenses in Q3 2024

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The Ministry of Investment issued nearly 3,810 licenses in Q3 2024, a rise of about 74% year-on-year (YoY), after excluding the licenses issued under the National Anti-Commercial Concealment Program (Tasattur).

 

Compared to Q2 2024, the number of investment licenses increased 40% from around 2,730.

 

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

156

(46%)

Q3

307

+22%

Q4

449

+55%

Q1 2021

476

+35%

Q2

528

+234%

Q3

854

+178%

Q4

976

+117%

Q1 2022

1216

+155%

Q2

935

+77%

Q3

929

+9%

Q4

1282

+31%

Q1 2023

1636

+35%

Q2

1824

+95%

Q3

2193

 +136%

Q4

2887

+125%

Q1 2024

3166

+91%

Q2

2730

+50%

Q3

3810

+74%
*The data does not include licenses issued under the campaign to rectify the status of violators of Tasattur (starting from Q1 2021)

*Data is periodically updated

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