The In-Country Value (ICV) program is a pivotal UAE government initiative designed to boost the local economy by redirecting public and semi-public spending into the national ecosystem. For businesses, particularly those looking to engage with government or semi-government entities, participating in the ICV program is becoming increasingly essential. The program evaluates a company's contribution to the local economy based on factors like local manufacturing, procurement of local goods and services, local investment, and the employment and development of Emirati talent. Obtaining an ICV certificate is a prerequisite for participating in many government tenders.
Understanding your company's potential ICV score and taking steps to improve it can provide a significant competitive advantage. The certification process involves a thorough evaluation by an accredited certifying body, which assesses financial statements and other operational data. A higher ICV score enhances a supplier's bid during the tender evaluation process, making them more attractive partners for major national projects. Businesses should proactively analyze their supply chains, investment strategies, and human resources policies to align with the program's objectives, thereby unlocking new growth opportunities and strengthening their position in the UAE market.