Page 830 - MOE ENGLISH PR REPORT - DECEMBER 2024
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12/27/24, 5:19 PM Ministry of Economy signs MoU with ADNOC to integrate data, enhance digital transformation of National Economic Register - Ey…
He.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.”
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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