Ministry of Economy Partners with ADNOC to Drive Digital Transformation of National Economic Register ‘Growth’
The Ministry of Economy has signed a memorandum of understanding (MoU) with ADNOC to enhance the digital transformation of the National Economic Register, known as the ‘Growth’ platform, and expand its partner network. This collaboration is set to improve data integration and connectivity, supporting the platform’s role in driving economic development across the UAE.
The agreement was formalized by H.E. Abdulaziz Al Nuaimi, Assistant Undersecretary for Entrepreneurship and Economic Affairs Regulatory Sector at the Ministry of Economy, and Dr. Saleh Al Hashimi, Director of ADNOC's Commercial and In-Country Value (ICV) Directorate. The signing took place during the inaugural ‘Abu Dhabi Business Week’ at ADNEC.
Key Highlights of the Partnership
- Enhanced Data Integration: The MoU will facilitate the exchange of information and statistics, contributing to improved operational efficiency and adherence to global best practices in data utilization.
- Support for Economic Vision: The partnership aligns with the UAE’s "We the UAE 2031" vision to establish the country as a global leader in advanced systems and infrastructure.
- Digital Connectivity: Cooperation between the Ministry and ADNOC aims to enhance digital connectivity, integrating databases and fostering the exchange of knowledge and expertise.
- Economic Growth: ADNOC’s expanded In-Country Value program will benefit from improved data integration, creating opportunities for local businesses and supporting sustainable development.
H.E. Abdulaziz Al Nuaimi emphasized the importance of data as a strategic asset, stating:
"This partnership with ADNOC represents a significant milestone in our mission to elevate the UAE’s digital infrastructure and economic competitiveness. By improving data quality and leveraging innovative mechanisms for analysis, we aim to align our efforts with the highest global standards."
Dr. Saleh Al Hashimi added:
"This agreement enhances ADNOC’s efforts to integrate data across our supply chain, expanding our In-Country Value program and driving greater value for the UAE. It fosters an ecosystem where businesses and individuals can thrive."
About the ‘Growth’ Platform
Launched in October, the ‘Growth’ platform serves as a unified national database encompassing all commercial licenses and over 2,000 economic activities across the UAE. Connecting more than 46 entities, it integrates the Unified Economic Number (ERN), linking federal and local government data to enable seamless electronic transactions and streamlined processes for businesses.
Future Collaboration
The Ministry and ADNOC will continue to work on refining data capabilities, sharing successful practices, and upskilling teams, further contributing to the UAE’s robust and competitive economic landscape.
