Menu
In November 2017, the Abu Dhabi National Oil Company (ADNOC) launched the In-Country Value (ICV) program aimed at boosting the UAE’s GDP by enhancing local supply chains for goods and services and promoting the establishment of manufacturing facilities within the country. The ICV certification process was designed to encourage businesses to invest in the local economy, ultimately benefiting the UAE’s overall economic growth.
Another key objective of the ICV program is to align with UAE Vision 2030 by advancing Emiratisation efforts in the private sector. By fostering local talent and creating job opportunities for Emiratis, the program not only supports economic growth but also contributes to a sustainable future for the UAE.
In 2019 and 2020, various Government and Semi-Government Entities, known as Participating Entities, collaborated to expand the ICV Certification process. This collaborative effort introduced the Unified ICV program, which streamlines the certification requirements across different sectors.
The Unified ICV program mandates that all vendors calculate and declare their certified ICV score for the financial year, demonstrating their contribution to supporting ICV initiatives. This requirement ensures that businesses are actively participating in enhancing local supply chains and are held accountable for their impact on the economy.
Companies working directly as suppliers or indirectly as sub-supplier with the following Implementing Agencies are required to acquire the ICV certificate. The Implementing Agencies for the National ICV Program are gradually increasing in numbers to ensure observing ICV Program across the country