ICV Certification in the UAE. What an In-Country Value (ICV) certificate is and why your company needs it for business?

The ICV Certificate or the Adnoc In Country Value Certificate is one of the many initiatives taken by the UAE government that has significantly boosted the economic growth in the country. ADNOC has launched an In-Country Value (ICV) program with the objective of growing and diversifying the UAE’s economy and creating opportunities for UAE nationals in the private sector. As part of ADNOC’s ICV program, all ADNOC suppliers are required to declare their ICV achievement (ICV Certificate). The ICV program is a collection of conditions that ADNOC registered suppliers have to comply with in order to start or continue to work with ADNOC. ADNOC requires an annual third-party verification of the numbers of the ICV Certificate to be conducted.

What is ICV Certificate?

This certificate is awarded to ADNOC suppliers after they pass a set evaluation. It is part of the Unified ICV Program that was introduced to stimulate the local supplier market. The evaluation is carried out by empaneled Adnoc ICV certification agencies. These bodies verify a supplier’s financial records to determine whether they are complying with the set conditions or not.

The ADNOC ICV Certificate was initiated in order to boost ADNOC’s participation in the development of local suppliers. The certificate gauges how suppliers have made contributions to improving In-Country Value. Their contribution is calculated in the form of an ICV score. The main focus of ICV Certificate ADNOC is to encourage suppliers to:

• Focus on enhancing their in-country value creation through their business practices
• Invest in business development and skill enhancement.

Important Resources

You can find all the documents and guidelines related to the ICV program down below:

• Frequently asked questions and answers
• ICV Implementation Guideline.
• Supplier Certification Guidelines.