Unlocking Opportunities: The Benefits of ICV Certification for In-Country Value in the UAE

 

Unlocking Opportunities: The Benefits of ICV Certification for In-Country Value in the UAE


The United Arab Emirates (UAE) has been actively working towards economic diversification and sustainable growth. One of the key initiatives supporting this vision is the In-Country Value (ICV) Certification program. This certification is designed to boost local businesses, enhance job creation, and increase the contribution of the private sector to the national economy.

If you're a business operating in the UAE, understanding the benefits of ICV certification can help you unlock significant opportunities. Here’s how:

1. Increased Business Opportunities with Government and Large Entities

ICV certification gives businesses a competitive edge when bidding for government contracts and projects with major companies like ADNOC, Mubadala, and Etihad Rail. These entities prioritize suppliers with high ICV scores, making certification a key factor in securing lucrative deals.

2. Enhanced Market Competitiveness

Holding an ICV certificate demonstrates a company’s commitment to supporting the local economy. This increases credibility and attractiveness in the market, giving certified businesses an advantage over non-certified competitors.

3. Access to More Contracts and Tenders

Companies with high ICV scores are more likely to be selected for tenders by ICV-compliant organizations. This means better access to large-scale projects and long-term partnerships within the UAE.



4. Contribution to Economic Diversification

The ICV program aligns with the UAE’s Vision 2030, which focuses on reducing dependency on oil revenue by fostering local industries. Certified businesses play a crucial role in strengthening non-oil sectors such as manufacturing, services, and technology.

5. Encouragement for Local Talent Employment

One of the key elements of ICV scoring is employment of UAE nationals. Companies that prioritize local hiring and invest in Emirati talent development can improve their ICV scores, ultimately benefiting from better contract opportunities.

How to Obtain ICV Certification

To get ICV certified, companies must undergo an audit to assess their contribution to the UAE economy based on factors like:

  • Local manufacturing and procurement

  • Emiratization efforts

  • Investment in local industries

  • Value addition through services and operations

After evaluation, businesses receive an ICV score, which determines their eligibility for government and corporate contracts.

Conclusion

ICV certification is more than just a regulatory requirement—it’s a strategic tool for business growth in the UAE. By obtaining certification, companies can enhance their market position, secure more contracts, and actively contribute to the country’s economic vision.

For businesses looking to expand in the UAE, investing in ICV certification is a smart move that brings long-term benefits and growth opportunities.

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