The In-Country Value (ICV) program, initiated by ADNOC in 2018, is a strategic plan aimed at maximizing the value derived from the UAE's oil and gas resources.
In 2021, the Ministry of Industry and Advanced Technology (MOIAT) extended the national ICV program to include various sectors at the federal level. The national ICV is a certificate issued to suppliers, evaluating their contribution to the local economy. Certified suppliers are given an advantage during the award of contracts and purchases based on their ICV score.
The national ICV program is led by a dedicated team comprising representatives from various government entities and industry experts. The team collaborates to ensure the successful implementation and continuous improvement of the ICV program, fostering economic growth and supporting local industries.
The National ICV program is a UAE government initiative designed to enhance economic performance, support local industries, and redirect public spending to stimulate economic and social development while contributing to GDP growth. The program plays an important role in advancing the country’s economic diversification goals.