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12/28/24, 1:00 PM Ministry of Economy signs MoU with ADNOC to integrate data and enhance digital transformation - Middle East News 247
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.”

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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