Aligning Business with UAE Vision through ICV Certification

In the evolving landscape of the United Arab Emirates (UAE), economic diversification and sustainable growth remain at the heart of the nation’s strategic objectives. One of the key initiatives supporting this vision is the In-Country Value (ICV) program—a transformative policy introduced to stimulate local investment, enhance the contribution of Emirati talent, and increase the use of UAE-based suppliers across various sectors.

For businesses operating in the UAE, ICV certification has emerged as more than just a compliance requirement; it is a strategic tool to align operations with the country’s long-term economic goals.

What is the ICV Program?

The ICV program, introduced by the Abu Dhabi National Oil Company (ADNOC) and later adopted by other federal and local entities, evaluates and certifies companies based on their contribution to the local economy. This includes factors such as:

• Local manufacturing and sourcing

   

• Emiratization (employment of UAE nationals)

   

• Investments in the UAE

   

• Local subcontracting and third-party spend

   

The program promotes transparency, accountability, and competitiveness, ensuring that businesses are not only profiting from the UAE economy but also reinvesting in it.

Why ICV Certification Matters

1. Access to Government Contracts

Many public and semi-government entities give preference to ICV-certified vendors when awarding contracts. A high ICV score can significantly improve a company’s competitiveness in tenders.

2. Contribution to National Growth

By obtaining and improving their ICV score, companies demonstrate a commitment to supporting local industries, job creation for UAE nationals, and sustainable economic practices.

3. Strategic Positioning

In an increasingly regulated market, aligning with the ICV framework positions businesses as forward-thinking and responsible partners, capable of supporting national objectives such as UAE Vision 2030 and Operation 300bn.

How to Align Your Business with the ICV Vision

1. Assess Current Value Contribution
   Conduct an internal review to understand your current ICV status. Identify areas such as procurement, staffing, and local investments that can be optimized.

    

2. Develop a Localized Strategy
   Focus on sourcing from local suppliers, increasing Emirati hires, and investing in local infrastructure or innovation.

    

3. Engage with Approved Certifying Bodies
   Work with authorized entities to undergo the certification process. They’ll evaluate your financials and operations to determine your ICV score.

    

4. Monitor & Improve Continuously
   Treat your ICV score as a KPI. Establish internal goals to improve it year over year, reflecting your commitment to the UAE’s national agenda.

    

Final Thoughts

The ICV certification is more than a procurement tool—it is a blueprint for sustainable, locally integrated business practices. For companies that wish to thrive in the UAE, aligning with this vision is not optional; it’s a pathway to long-term success.