UAE Ministry Of Economy Unveils National Economic Registry To Streamline Business Operations

The Ministry of Economy has introduced the National Economic Registry (NER) – Growth, a comprehensive database for businesses and licences across the UAE's seven emirates. This platform streamlines business establishment and economic activities into one national portal, improving government service delivery.

During the launch event, Abdullah bin Touq Al Marri, Minister of Economy, highlighted that this initiative is part of the UAE's strategy to boost digital readiness in government entities. It aims to make government services more adaptable and competitive.

Bin Touq remarked, "The ‘Growth’ platform is a remarkable achievement in advancing the national economy. It eliminates bureaucratic hurdles and delivers highly efficient government services, ensuring the UAE offers the best government services globally." The platform supports over 2,000 economic activities and provides proactive services to decision-makers, business owners, investors, and research centres.

The NER connects 46 entities using a unified economic number (ERN), integrating data between federal and local bodies. This supports the UAE’s digital transformation goals by reducing paperwork. It aligns with the ‘We the UAE 2031’ vision to enhance leadership in government service provision.

The platform will be regularly updated to improve transparency in business performance. It also aims to support the UAE’s global credit rating with international classification bodies by adhering to the International Standard Classification System (ISIC4). This promotes sustainable growth in strategic sectors.

The NER plays a vital role in the UAE’s new economic model focused on innovation and knowledge. By offering additional resources for investors and business owners, it facilitates digital business operations. Currently, it holds 1.5 million active and cancelled commercial licences.

Future Developments

Looking forward, the Ministry plans to link the platform with 100 federal and local entities within two years. They aim to increase services to 500 while reducing service delivery times. The platform was developed following various economic laws related to commercial companies, registers, and anti-money laundering.

The launch ceremony saw attendance from key figures like Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, alongside representatives from 34 federal and local entities.

With inputs from WAM