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ADNOC In-Country Value program is an acquirement drove activity which is intended to accomplish ideal incentive from ADNOC country’s oil and gas assets.
Abu Dhabi National Oil Company (ADNOC) have recently launched the In-Country Value (ICV) strategy, which aims to strengthen relationships with the UAE’s private sector. Businesses must now complete an ICV assessment as part of their partnership with ADNOC, which will form part of the tender evaluations and award process.
Introduced in February 2018, the new strategy is procurement led and designed to increase ADNOC’s ICV contribution. In order to do this, they will be focusing on the selection of local suppliers, the development of UAE nationals and the localisation of critical functionalities in the oil and gas industry.
Strategic identification of suppliers and long-term collaboration
Developing of key procurement categories for small and medium sized local companies
Sharing future CAPEX and OPEX spending plans to encourage investment in the UAE
Focused training programs facilitated for Emiratis, increasing the employability of the local workforce