Within the UAE, the ICV program was introduced for suppliers of Abu Dhabi National Oil Company (ADNOC) at the beginning of 2018. Since 2019, the program has expanded to cover different governmental and semi-governmental entities including Aldar Properties, Abu Dhabi Department of Economic Development, Mubadala Investment Company, and Abu Dhabi Ports under a Unified Certification Process.
Recently, The Ministry of Industry and Advanced Technology (MoIAT) has taken over the ICV certification process. Businesses must now complete an ICV assessment as part of their partnership with MoIAT, which will form part of the tender evaluations and award process. The new strategy is procurement led and designed to increase MoIAT’s ICV contribution. In order to do this, they will be focusing on the selection of local suppliers, the development of UAE nationals, and the localization of critical functionalities in the oil and gas industry. Our ICV consultants help to improve any business by giving national/international exposure and collaboration to ramp up your business and its outlook. We support financial progress and AMA has the best consultants rendering great services for resolving all the obstacles coming to the success of your business. Our ICV consultancy services not only certify your business but also reviews the after-effects and offer the desired solution. In other words, we always serve our clients with the best services to ensure that they achieve their desired results. We make an ICV improvement plan to work systematically for better inferences.
- ICV Certification
- ICV Consulting Services
- ICV Improvement Plan
- ICV Focused Policy and Procedures
- ICV Advisory
Key metrics to determine the ICV score
The ICV score of a company reflects its value-add within the UAE economy. Moreover, the ICV score is represented as a percentage. Availing ICV Certification services in Dubai can make things easier for companies. The authorities determine the ICV score of companies based on the following parameters:
- Goods Manufactured
- Third-Party Spend
- Investment – Top-up
- Manpower – Emiratization
- Manpower – Expats
- Additional Bonus – Revenue from Outside UAE, Emirati Head Count & Investment Growth