A Path to Development and Competitive Advantage the UAE

A Path to Development and Competitive Advantage: The UAE ICV Certificate

The United Arab Emirates (UAE) has been at the forefront of economic diversification and sustainable development. One of the key initiatives supporting this vision is the In-Country Value (ICV) Certificate, a strategic program aimed at boosting local businesses, strengthening the economy, and increasing opportunities for UAE-based suppliers.

Understanding the ICV Certificate

The ICV program was introduced by the Abu Dhabi National Oil Company (ADNOC) in 2018 and later expanded to a nationwide initiative involving government and semi-government entities. The primary objective of the ICV Certificate is to evaluate a company’s contribution to the UAE economy by assessing its local investments, Emiratization efforts, and supply chain localization.

The certificate is now a mandatory requirement for businesses seeking contracts with participating entities, allowing them to gain a competitive edge in procurement processes.

Key Benefits of the ICV Certificate

1. Enhanced Business Opportunities
   Companies with a high ICV score are given preference in government and private sector tenders, increasing their chances of securing contracts and projects.

    

2. Economic Growth and Localization
   The ICV program encourages businesses to invest in local talent, manufacturing, and services, thereby strengthening the national economy and reducing dependence on imports.

    

3. Competitive Advantage
   Businesses with an ICV Certificate stand out from competitors by demonstrating their commitment to supporting the UAE’s economic vision, making them more attractive to potential clients and investors.

    

4. Encouraging Emiratization
   The program promotes the hiring and training of UAE nationals, contributing to the development of a skilled local workforce and aligning with the UAE’s employment policies.

    

5. Access to Strategic Partnerships
   Companies with a strong ICV score are more likely to form strategic alliances with government entities and major corporations, leading to long-term business sustainability.

    

How to Obtain an ICV Certificate

To acquire an ICV Certificate, businesses must undergo an evaluation process conducted by an approved certification body. The assessment is based on several key factors, including:

• Revenue generated within the UAE

   

• Local supplier engagement

   

• Investments in fixed assets

   

• Workforce Emiratization

   

• Expenditure on local services

   

After the evaluation, the company receives an ICV score, which is then used by participating entities to assess bids and award contracts accordingly.

Conclusion

The UAE ICV Certificate is more than just a compliance requirement—it is a strategic tool that drives business growth, supports economic sustainability, and fosters long-term success. For companies looking to expand their presence in the UAE market, obtaining and improving their ICV score can be a game-changer. By aligning with the ICV program, businesses not only enhance their competitiveness but also contribute to the country’s vision for a diversified and prosperous economy.