Page 866 - MOE ENGLISH PR REPORT - DECEMBER 2024

12/27/24, 4:23 PM Ministry of Economy signs MoU with ADNOC to integrate data, enhance digital transformation of National Economic Register – UA…
Commercial and ICV Directorate. The signing took place on the sidelines of the first edition of the ‘Abu Dhabi
Business Week’ hosted by the Abu Dhabi National Exhibition Centre (ADNEC) from 4 to 6 December 2024.

Al Nuaimi said that the collaboration with ADNOC supports the Ministry’s efforts to enhance digital integration
through the ‘Growth’ platform, which is a new milestone in enhancing the country’s digital infrastructure and
driving economic development. This aligns with the national goal of making the country the most leading with
superior system, in accordance with the pillars of “We the UAE 2031” vision. Al Nuaimi highlighted that the
signing of the MoU reflects the Ministry’s vision to maximize the benefits of data as a strategic tool for
supporting sustainable development and enhancing the national economy’s competitiveness.

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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