In November 2017, an
In-Country Value (ICV) program was announced for Abu Dhabi National Oil Company
(ADNOC) Group Companies with the objectives of Emiratization, GDP
Diversification and strategic considerations. In 2019 and 2020, various
Government and Semi-Government Companies (referred to as “Participating
Entities”) have joined hands to broaden the ICV certification process for
Suppliers across various sectors in Abu Dhabi and the UAE. The unified ICV the program aims to consolidate the ICV certification process in a single ICV a certificate that can be used by the supplier to participate in the programs of
the participating entities.
The In-Country Value program consists of two parts, which are ICV certification and ICV Implementation.
• The ICV certification part is unified and aligned between all ICV
participating entities. The unified ICV certificate will be considered by all
participating entities. Therefore, Suppliers are only required to obtain one
ICV certificate per legal entity that shall be used by all participating
• The ICV implementation will be unique at each entity level. It represents the
way each participating entity will use the certificate in its business
activities. Accordingly, the ICV certificate will be considered by each participating
entity in accordance with its policy.
ICV committee is established involving representative of all the participating
entities to regulate, supervise, and monitor the ICV program.
Information to Suppliers:
Goods Manufactured in UAE
Third-party spend (Procurement of goods and
Emiratization of workforce
Exports of Goods & Services from UAE
Key considerations for suppliers:
ICV committee has provided the Supplier submission template which needs to be filled based on the latest audited financial statements and supporting information from the books of accounts. Guidance can be found in the below links:
As part of the implementation of this program, the ICV committee has appointed Crowe as one of the Certifying Body to confirm the information in the supplier submission template and issue the ICV certificate. Crowe is proud to work with the ICV committee in the successful implementation of this program.
Contact our team for further support at [email protected]
Contact us for further assistance