Page 80 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

Press Release

Ministry of Economy signs MoU with ADNOC to integrate data and

enhance digital transformation of National Economic Register

‘Growth’

MoU forms part of the Ministry’s efforts to expand Growth’s partner base

Abu Dhabi, 6 December 2024 – As part of its efforts to enhance the digital transformation of the
National Economic Registry (‘Growth’ platform) and to broaden its partner base, the Ministry of
Economy signed a memorandum of understanding (MoU) with ADNOC, the leading national
company in energy production. The partnership will facilitate the integration of data and statistics
and contribute to enhancing the digital connectivity between the two parties.

The MoU was signed by H.E Abdulaziz Al Nuaimi, Assistant Undersecretary for Entrepreneurship
and the Economic Affairs Regulatory Sector at the Ministry of Economy; and Dr. Saleh Al
Hashimi, Director of ADNOC's Commercial and ICV Directorate. The signing took place on the
sidelines of the first edition of the ‘Abu Dhabi Business Week’ hosted by the Abu Dhabi National
Exhibition Centre (ADNEC) from 4 to 6 December 2024.

H.E. Al Nuaimi said that the collaboration with ADNOC supports the Ministry's efforts to enhance
digital integration through the ‘Growth’ platform, which is a new milestone in enhancing the
country’s digital infrastructure and driving economic development. This aligns with the national
goal of making the country the most leading with superior system, in accordance with the pillars
of “We the UAE 2031” vision. H.E. Al Nuaimi highlighted that the signing of the MoU reflects
the Ministry's vision to maximize the benefits of data as a strategic tool for supporting sustainable
development and enhancing the national economy’s competitiveness.

H.E. added: “Through this partnership, we will work to improve the quality of data and develop
innovative mechanisms to analyze and harness it effectively, which will enhance the efficiency of
operations and consolidate our commitment to the highest global standards in this regard. Our
efforts also underline the importance of coordination and cooperation between the government and
private sectors.”

Dr. Saleh Al Hashimi, Director of ADNOC’s Commercial and ICV Directorate, said: “This
agreement with The Ministry of Economy will support ADNOC’s efforts to enhance data
integration across our supply chain as we expand our In-Country Value program to drive greater
value for the UAE and create more opportunities for people and local businesses to thrive.”