The In-Country Value (ICV) program aims to support the Ministry of Industry and Advanced Technology’s (MoIAT’s) mandate of improving the productivity and sustainability of the UAE’s Industrial sector. The In-Country Value certificate evaluates the contribution of a company to the local economy. Certified suppliers gain advantages during the award of tenders and contracts based on their ICV score. The ICV certificate grants companies the first right of refusal in the tender process.
The key objectives of the ICV program are strategic localization of supply chains and the development of new local industries and services, stimulating and attracting foreign investments, diversifying the economy, increasing exports, creating valuable job opportunities in the private sector, contributing to the growth of national GDP, enhancing spending on R&D and advanced technology, and increasing the private sector’s contribution to national GDP.
The program’s strategic partners comprise a cluster of government entities and leading national companies in diverse fields, including the program’s implementers, such as the:
- Abu Dhabi National Oil Company (ADNOC)
- Abu Dhabi Department of Economic Development (ADDED)
- Aldar Properties
- Abu Dhabi Ports
- Emirates Nuclear Energy Corporation
- Etisalat
- Emirates Global Aluminum
- ADQ
- Shurooq
- Etihad Rail
- Emirates Steel
- The Abu Dhabi National Energy Company, PJSC (TAQA)
- Mubadala
The ICV certificate is extremely important for companies that have direct commercial dealings with these (and other) government entities. Supplier companies are required to have a National ICV certificate to participate in procurement tenders of the participating entities.
