Page 872 - MOE ENGLISH PR REPORT - DECEMBER 2024

12/27/24, 4:24 PM Ministry of Economy signs MoU with ADNOC to integrate data, enhance digital transformation of National Economic Register
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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