UAE | Government
Card fees to generate Dh120m
The UAE government is spending $55 million on cutting-edge technology to implement the national ID system and is expected to generate an income of about Dh120 million from card fees by the end of this year, an official confirmed on Wednesday.
- By Cleofe Maceda, Staff Reporter
- Published: 23:56 October 22, 2008
Dubai: The UAE government is spending $55 million on cutting-edge technology to implement the national ID system and is expected to generate an income of about Dh120 million from card fees by the end of this year, an official confirmed on Wednesday.
Business establishments in the UAE are highly encouraged to register their employees, as getting the all-in-one identity card, which will eventually work as a driving licence, passport and labour, residency, health and ATM card or e-wallet, will help them cut expenditures on acquiring staff's numerous IDs.
The technology being used to implement the identity cards will also offer other financial benefits, as it will plug the security loopholes in the banking system, which was recently plagued by fraudulent transactions, according to engineer Thamer Rashid Al Qasemi, planning director of the Emirates Identity Authority.
Registered
So far, the UAE has already registered 610,000 residents, 95 per cent of which are nationals. About 600,000 more, which include 350,000 expatriate professionals, are expected to enlist before the December 31, 2008 deadline.
The identity card costs Dh100 for nationals for five years, Dh100 for expatriates for one year and Dh50 for children under 15 years, regardless of nationality. In the case of expatriates, however, the fee has to be paid for the duration of the residence visa.
Given that 1.2 million residents are expected to register before this year's deadline, Al Qasemi said the issuance of cards will generate an income of about Dh120 million or more.
"Looking at the return, the income we get out of this registration process is really not comparable to the operational cost. The ID card itself costs about Dh35 to Dh45. This is the direct cost of the card. And we only give it to children for Dh50," Al Qasemi told Gulf News.
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