In-Country Value (ICV) Program – A Strategic Step for Business Growth in the UAE

The United Arab Emirates is consistently focused on driving economic diversification and sustainable development. One of the key initiatives supporting this vision is the In-Country Value (ICV) Program . Initially introduced by ADNOC and now adopted by various government and semi-government entities, the ICV program encourages companies to invest in the UAE’s economy by enhancing local capabilities, increasing Emiratisation, and promoting the use of local suppliers and resources.

The In-Country Value Program evaluates the economic contribution of companies operating in the UAE. This evaluation is reflected in an ICV Certificate , which is issued based on certain criteria, such as the use of local goods and services, hiring of UAE nationals, and investment in local infrastructure. Businesses with a higher ICV score are often preferred in government tendering processes, making this certification highly valuable for companies seeking to grow in the UAE market.

The ICV score is calculated based on a company's contribution to the UAE’s economy. Key elements include local procurement spending, Emiratisation efforts, investments in UAE-based assets, training and development of Emirati talent, and net profit retained within the UAE. Companies are required to submit audited financial statements that align with ICV guidelines to ensure transparency and accuracy in score calculation.