Page 81 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

Press Release

The MoU will enhance cooperation and coordination in terms of digital connectivity between the
two parties and establish a mutual framework to exchange information, collect data and statistics,
and increase their efficiency, in line with approved methodologies in accordance with best
practices in the field.

Furthermore, the two parties will jointly work to integrate databases and encourage the exchange
of expertise, knowledge and successful experiences in common areas, which will contribute to
developing the capabilities and skills of the work teams on both sides.

The Ministry of Economy launched the National Economic Register in early October as the largest
unified and reliable database for all commercial licenses owned by establishments and companies
across the seven emirates. It standardizes the procedures and requirements for establishing
businesses and practicing economic activities in the country through a unified national portal.

The ‘Growth’ platform connects more than 46 entities in the country and includes the national
identity of the Unified Economic Number (ERN) that links data between the federal and local
government entities and licensing authorities. The platform enables users to obtain information on
any commercial license in the country from among more than 2,000 economic activities, enabling
more flexible electronic transactions.

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