BoI signs 33 projects worth US$ 1,412 mn in first quarter

The Board of Investment (BoI) said it had received 33 investment proposals worth US$ 1,412 million in the first quarter of this year. This value includes investments of 22 new projects in diverse sectors in Energy projects including fuel and Renewable sources (Solar and Wind), heavy industry, logistics and IT infrastructure sectors as well as investments into 11 project expansions.

The number of new investment proposals received in the first quarter 2022 has shown an 80% increase over the corresponding period of 2021.

In addition, during the first three months of 2022, BOI has signed agreements worth of US$ 765 mn with several leading investors doubling the number of agreements signed for new investments during the first quarters of 2021.