Page 805 - MOE ENGLISH PR REPORT - DECEMBER 2024

12/28/24, 12:59 PM Ministry of Economy signs MoU with ADNOC to integrate data and enhance digital transformation of National Economic Register …
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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