The UAE’s Ministry of Economy announced the launch of the National Economic Registry – Growth, a unified and reliable database of enterprises and business licenses across the seven emirates. This platform integrates the procedures and requirements for establishing businesses and conducting economic activities into a single national portal, significantly enhancing government service provision.
During the launch ceremony, Abdullah bin Touq Al Marri, Minister of Economy, said that the UAE has adopted this innovative initiative to enhance the sustainable digital readiness of government entities and elevate the government services ecosystem, making it more flexible and competitive.
“The 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,” he added.
Unified economic number eliminates bureaucracy
The National Economic Registry provides information about more than 2,000 economic activities across the UAE. In addition, it offers proactive services to a broad spectrum of users, including decision-makers, business owners, investors, and research centers.
The platform also enables users to inquire about any business license, access investment opportunities, and prepare studies on market trends, supporting business growth and government digital management of economic activities using AI technologies.
Bin Touq highlighted that the National Economic Registry connects 46 entities across the UAE using the unified economic number to integrate data between federal and local government bodies, further supporting the UAE’s digital transformation of services and reducing the need for paperwork.
This initiative also falls in line with the ‘We the UAE 2031’ vision of enhancing the UAE’s leadership in government service provision.
Greater transparency
Bin Touq added that the National Economic Registry will be regularly updated, enhancing transparency in business performance and supporting the UAE’s global credit rating with international classification bodies. The platform adheres to the International Standard Classification System (ISIC4), promoting sustainable growth in strategic sectors.
The National Economic Registry also plays a critical role in the UAE’s new economic model. By providing additional resources for investors and business owners, it facilitates digital business operations. In addition, it currently holds 1.5 million active and canceled commercial licenses.
Looking ahead, the Ministry of Economy plans to link the National Economic Registry with 100 federal and local entities. In addition, it seeks to increase the number of services to 500 and reduce service delivery times over the next two years. The ministry developed the platform in line with various economic laws, including legislation on commercial companies, the commercial register, and anti-money laundering.
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