ADNOC In-Country Value (ICV) Certification Support

National ICV Certificate
National ICV Certificate

National ICV Certificate

National ICV Certificate ; ADNOC has launched an In-Country Value (ICV) program with the objective of growing and diversifying the UAE’s economy. As part of ADNOC’s ICV program, all ADNOC suppliers are required to declare their ICV achievement (ICV Certificate).

Suppliers that don’t have an ICV confirmation can in any case partake in ADNOC tenders, yet will be considered with 0% of ICV, which in the long run will position them as less focused than providers that have the accreditation.

We help you to provide the required support to get ICV certification.

 

What Is The ADNOC In-Country Value (ICV) Program?

The ADNOC In-Country Value program is an obtainment drove activity that plans to help support ADNOC’s ICV commitment by concentrating on nearby provider choice, the advancement of UAE Nationals, and the restriction of basic functionalities in the oil and gas industry.

 

ADNOC 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. 

 

Providing support when you need it

The certifying bodies’ ICV evaluation formula takes account of goods manufactured in the UAE, the value of third-party spend in the UAE, a company’s investment in the UAE and its Emirati station record, as well as the UAE-based expatriate employees’ contribution to the national economy.
The evaluation also takes account of a supplier’s operating costs and depreciation cost, along with any exports created.

This certificate is given to ADNOC suppliers who pass a rigorous evaluation. It is a component of the Unified ICV Program, which was implemented to stimulate the local supplier market. The evaluation is performed by accredited Adnoc ICV certification agencies. These organizations examine a supplier’s financial records to see if they are in compliance with the rules.

 

National ICV Certificate

ADNOC ICV programme was designed to:

  • encourage private-sector partnerships and opportunities resulting from the company’s 2030 growth strategy

  • catalyse socio-economic development

  • improve knowledge transfer

  • generate employment opportunities for the UAE nationals

If you have any questions or would like to find out more about how we can help,

Please Contact us