Why Is an ICV Score Important for UAE Businesses?

For companies operating in the UAE, especially those looking to work with major organisations such as ADNOC and other participating entities, understanding the In-Country Value (ICV) Program can be an important part of business planning.

An ICV score reflects the economic value a company contributes to the UAE through its local operations, workforce, procurement, investment and other business activities. For eligible companies participating in ICV-related procurement processes, having a valid ICV certificate can therefore be an important consideration.

What Is an ICV Score?

The In-Country Value (ICV) score is a measure used under the UAE's ICV program to assess how much economic value a company generates within the country.

The assessment can take into account factors such as:

• Local procurement and spending
• UAE-based employees
• Investment in the UAE
• Local manufacturing and production
• Expenditure on goods and services within the country
• Other qualifying economic contributions

The results are reflected in the form of an ICV score or certificate, depending on the requirements of the relevant program.

Why Does an ICV Score Matter?

1. It Can Be Relevant in Procurement
For businesses supplying participating organisations, ICV can form part of the procurement and supplier evaluation process.

2. It Highlights Your Local Economic Contribution
An ICV profile provides an overview of a company's contribution to the UAE economy, including its local expenditure, workforce, investments, and overall business activities.

3. It Encourages Local Procurement
The ICV framework encourages companies to increase eligible local spending and strengthen their connections with UAE-based suppliers.

4. It Can Support Supplier Competitiveness
Where ICV is applicable, a company's score may be considered alongside technical, commercial and other supplier requirements during procurement.

5. It Encourages Better Business Planning
Preparing for ICV certification helps businesses review their spending, workforce, investments and local operations to identify areas for improvement.

Important: An ICV certificate does not guarantee contracts or purchase orders. Procurement decisions depend on multiple factors and the specific requirements of the buyer.

Who Should Consider ICV Certification?

ICV criteria can differ based on the organisation involved, the procurement procedure, and the relevant regulatory requirements.

Businesses that supply or intend to supply organisations participating in the ICV program should understand the relevant requirements and determine whether an ICV certificate is applicable to them.

This can be particularly relevant for companies operating in sectors such as:

• Engineering and construction
• Manufacturing
• Industrial services
• Equipment and machinery supply
• Maintenance
• Oil and gas services
• Logistics
• Professional and technical services

What Steps Can a Company Take to Improve Its ICV Score?

Companies can improve their ICV performance by increasing eligible local procurement, developing their UAE-based workforce, investing locally and strengthening their local capabilities. Maintaining accurate financial and operational records is also essential for proper assessment.

ICV Is More Than Just a Number

An ICV score gives businesses a clearer picture of their contribution to the UAE economy while helping them identify opportunities to create more local value.

Need Help With ICV Certification?
Al Mashora provides professional support for businesses seeking assistance with ICV certification and related UAE business services.

Contact Al Mashora today to discuss your ICV requirements.