This is why it is being nationalized in 2021 and so the program is being transferred to the Ministry of Industry and Advanced Technology (MOIAT) with the intention of making it comprehensive for government and semi-government departments across the UAE.
Who needs an ICV certificate?
Companies working directly as suppliers or indirectly as subcontractors with the following implementing agencies are required to obtain an ICV certificate. The number of implementing agencies for the national ICV program is gradually increasing to ensure compliance with the ICV program throughout the country.
- ADNOC Group companies
- Abu Dhabi Department of Economic Development
- Aldar Properties
- Abu Dhabi Ports
- Emirates Steel
- TAQA Group
- Etihad Rail
- Sharjah Investment and Development Authority (Shurooq)
- Emirates Nuclear Energy Corporation
- Emirates Global Aluminium (EGA)
- All federal government bodies, including ministries, federal authorities and institutions.
- Companies submitting tenders through Musanada (Abu Dhabi General Services Company)
Why does your company need it?
Vendors of implementing agencies who do not have an ICV certificate can tender for implementing agency contracts, however, their ICV score will be considered “zero” in the evaluation of tenders and therefore they may be at a disadvantage compared to those with ICV certificates.
Such organizations with no or low ICV scores will therefore be in a difficult situation compared to organizations with higher ICV scores. An ICV certificate with a better score compared to competitors will help and give your organization a better chance to position itself in the competition cycle.
What we offer as leading ICV consultants
We are proud to be considered as the pioneering ICV certification consultants for a variety of satisfied clients across the UAE.
Our superior services are distinguished by the fact that we help our clients improve their ICV assessment by suggesting steps to improve their ICV assessment and including the incremental impact of each step in our impact analysis report.
We help our clients understand ICV and the determinants that influence the ICV score in their specific business cases.
We help our clients prepare ICV templates, ensuring that the template includes all areas of ICV performance that help achieve the maximum ICV performance potential to which the client is entitled.
We develop ICV improvement plans that are realistic and achievable over the life of the contract to help our clients avoid forfeiture of ICV milestone payments.
As ICV Certification Consultants, we have developed a dedicated line of ICV sub-services to help our clients obtain ICV certificates, and ICV Improvement Plans and achieve the required ICV score level in accordance with the ICV Guidelines.
In-Country Value (ICV) Certification
In November 2017, Abu Dhabi National Oil Company (“ADNOC”) introduced the In-Country Value (“ICV”) program to improve the country’s GDP by improving the supply of local goods and services, encouraging the establishment of manufacturing businesses in the country. One of the main objectives of the ICV program is also to Emiratize the private sector in line with the UAE’s Vision 2030.
In 2019 and 2020, various government and semi-government entities (participating entities) joined forces to expand the ICV certification process and launched the Unified ICV Program, which requires all their suppliers to calculate and declare their certified ICV score for the financial year to show how they are contributing to ICV.
NATIONAL ICV CERTIFICATION PROGRAM
In 2021, the ICV program was transferred to the Ministry of Industry and Advanced Technology (MOIAT) with the intention of making the program comprehensive for government and semi-government departments across the UAE.
Furthering the objective of this program is to ensure that business spending is within the national economy in terms of production costs as well as being spent on local products and services. In addition, another key objective of the country’s ICV program is to encourage inward investment, appoint and qualify citizens and create quality job opportunities. In addition, the main objective of this program is to support the UAE industry and recycle a larger share of the cost of purchases and services into the national economy.
AREAS TAKEN INTO ACCOUNT IN THE ICV CALCULATIONS
(a) Manufactured goods (only for suppliers holding an industrial license)
(b) Third-party expenditure (only for suppliers without an industrial license)
(e) Contribution of expatriates
(f) Premium – (i) Revenue from outside the UAE (ii) Emirati workforce (iii) Increase in investment.