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10/15/24, 9:30 AM UAE launches National Economic Registry to boost transparency | Arabian Post
This move is part of the UAE’s broader economic reform agenda, which has seen the country
implementing several initiatives aimed at enhancing competitiveness and facilitating business growth.

The NER is expected to complement existing reforms, such as the introduction of new foreign
investment laws and changes to the country’s commercial and corporate governance frameworks.

These reforms are part of the UAE’s broader vision to diversify its economy away from oil
dependency, creating a more resilient and sustainable economic model.

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Business leaders in the UAE have expressed optimism about the NER, noting its potential to improve
operational efficiency and foster greater trust in the country’s regulatory framework. The centralized
nature of the platform is seen as a significant improvement over previous systems, which required

businesses and investors to engage with multiple entities to gather necessary information. By
simplifying access to economic data, the NER is expected to reduce bureaucratic hurdles and

enhance the overall business environment, making the UAE a more attractive destination for both
local and foreign investors.

The UAE’s Ministry of Economy has emphasized the user-friendly nature of the NER, ensuring that
the platform is easily accessible to businesses of all sizes. Whether small enterprises or large

multinational corporations, companies will benefit from the streamlined processes offered by the
platform. Additionally, the NER is expected to aid start-ups and entrepreneurs, providing them with

crucial insights into the economic landscape, helping them navigate the complexities of establishing
and growing businesses in the UAE.

This initiative also aligns with the UAE’s digital transformation efforts, which have accelerated across

various sectors in recent years. The development of the NER reflects the government’s commitment to
leveraging technology to enhance administrative efficiency and support the country’s economic

growth. The digitalization of business information is expected to reduce paperwork, improve accuracy,
and allow for real-time updates, ensuring that the economic data available on the platform remains
current and reliable.

A D V E R T I S E M E N T

Experts note that the success of the NER will depend on the seamless integration of data from
different economic departments and authorities across the UAE. The Ministry of Economy has worked

closely with local authorities to ensure that the platform includes comprehensive and accurate data,
with mechanisms in place to update the information regularly. This collaboration between federal and
local entities is seen as a crucial factor in the long-term success of the registry.

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