Why ICV Consultancy Is a Strategic Asset in National Procurement Plans
Why ICV Consultancy Is a Strategic Asset in National Procurement Plans In today’s competitive and rapidly evolving business landscape, governments across the globe are looking for ways to stimulate economic growth while ensuring local value creation. In the UAE, the In-Country Value (ICV) program is a prime example of how procurement policies are being leveraged to promote national development goals. As this initiative gains traction, ICV consultancy has emerged as a strategic asset for companies seeking to align with national procurement plans and unlock new business opportunities. Understanding the ICV Program The ICV program, originally launched by ADNOC and later adopted by various government entities, aims to boost local economic contribution by evaluating suppliers based on their contribution to the UAE’s economy. This includes factors such as Emiratization, local procurement, investment in local manufacturing, and spending within the UAE. Companies bidding for governm...