In November 2017, Abu Dhabi National Oil Company (“ADNOC”) introduced an In-Country Value (ICV) program to improve the GDP of the country by enhancing local supplies of goods and services, encouraging manufacturing facilities to set up in the country. Emiratisation in the private sector in line with UAE vision 2030 is also one of the main objectives to introduce the ICV program.
In years 2019 and 2020, various Government and Semi-Government Entities (Participating Entities) joined hands to broaden the ICV Certification process and launched the Unified ICV program which requires that all their vendors be mandated to calculate and declare their certified ICV score for the financial year, to demonstrate how they are helping to deliver ICV.
As an approved ICV certification Consultants, we have set up a specialized sub-service line for ICV to help our clients for acquiring ICV certificates, ICV improvement plans as per ICV guidelines .
WHAT WE OFFER AS LEADING ICV CONSULTANTS
We offer the following services:
ICV CERTIFICATION
ICV CONSULTANCY
ICV IMPROVEMENT PLAN
ICV PROGRAM IMPLEMENTATION
For more information please click here…
WHY HAS THE ICV CERTIFICATION PROGRAM BEEN IMPLEMENTED IN UAE?
An In-Country Value (ICV) program was announced for Abu Dhabi National Oil Company (ADNOC) Group Companies with the following objectives:
(a) Emiratization: Creating additional employment opportunities for Emiratis in the private sector
(b) GDP Diversification: Supporting UAE GDP diversification by sourcing additional goods and services within the UAE; and
(c) Strategic Considerations: localizing strategically critical parts of the value chain for selected categories.
