Introduced by the UAE, the National Economic Registry (NER) - Growth is a fresh project meant to simplify corporate processes and improve the national economic infrastructure. This system compiles, from the seven emirates, about 1.5 million commercial licenses into a single, consistent database. Initiated by the Ministry of Economy, the NER seeks to streamline the processes and regulations for starting companies and engaging in economic activities by providing a central, national portal thereby improving the effectiveness of government services.

Serving a wide spectrum of customers including business owners, investors, decision-makers, and research institutes, the NER platform offers access to more than 2,000 varieties of economic activity in the UAE. The platform helps company development and enhances the UAE's digital administration of economic operations by providing proactive services including the capacity to investigate investment prospects, ask about business licenses, and analyze market trends.

Minister of Economy Abdullah bin Touq Al Marri underlined the need of this project in improving the sustained digital preparedness of government agencies and raising the caliber of government services. He claims that by removing bureaucratic obstacles and significantly improving government services, the "Growth" platform marks a great success in the evolution of the national economy. It establishes the UAE as a leader in providing among others the greatest government services available worldwide.

The NER is unique in that it integrates 46 entities all throughout the nation, made possible by the same economic number (ERN). This helps federal and local government entities to share data seamlessly, hence furthering the UAE's digital transition and lowering the dependence on paper-based systems. This action fits the "We the UAE 2031" goal, which seeks to enhance government service delivery leadership by means of openness and efficiency thereby strengthening the nation.

The platform will be routinely upgraded to keep it relevant and enhance openness of business performance. This will therefore help the UAE's worldwide credit rating by giving international classification agencies reliable data. Furthermore, the NER follows the International Standard Classification System (ISIC4), which supports in important vital areas sustainable development.

More broadly, the UAE's new economic model, which stresses innovation and knowledge-based development, depends much on the NER. The platform helps digital business operations by offering investors and entrepreneurs necessary tools. It provides complete data for consumers and presently has both active and canceled business licenses.

Anticipating future developments of the platform, the Ministry of Economy has presented ambitious ambitions. While the number of accessible services will grow to 500, the NER will be connected to 100 federal and local entities in the next two years. Additionally predicted to be drastically lowered as part of continuous development are service delivery times.

Development of this all-encompassing platform was in line with several economic laws, including laws pertaining to commercial corporations, the commercial register, and anti-money laundering rules. By creating a more open, efficient, and investor-friendly business climate, the NER is a major instrument helping the UAE's economic development to be advanced. Emphasizing innovation and digital transformation, the platform helps the UAE fulfill its goal of keeping a worldwide leader in government services and economic growth.