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FAQs

FAQs

In-Country Value (ICV) Program

Q) What is the National In-Country Value (ICV) Program?

A)

The National In-Country Value (ICV) Program is a UAE government program that aims to boost economic performance and support local industries by redirecting higher portions of public spending into the national economy.

Over the past three years, the program has achieved extraordinary results, re-injecting AED88 billion into the local economy and creating approximately 2,000 jobs for national talent. It has also helped stimulate economic activity and provided growth opportunities for local companies. To date, the number of approved suppliers in various sectors within the program has exceeded 5,000.

Q) How can suppliers join the ICV Program?

A)

To join the ICV Program, suppliers need to follow a few simple steps:

  1. Issue audited financial statement based on International Financial Reporting Standards (IFRS)
  2. Fill in ICV template as per the guidelines. Click here to download the template.
  3. Approach one of the authorized certifying bodies for evaluation. Click here to find out about the certifying bodies.
  4. Once the ICV certificate is received, a supplier is eligible to submit to one of the participating entities.

Q) How much time will it take to get the program certificate?

A)

The time needed to process the application varies based on the situation of each supplier. It depends on the company’s size, number of employees, and its readiness to provide the required documents to the certification companies.

Once all the required documents are submitted, the application will be processed within one month.

Q) How long is the certificate valid for?

A)

The ICV certificate shall be valid for a period of 14 months from the date of issuance of Audited Financial Statements. Supplier can get recertified during the validity of the ICV certificate if he chooses to, using the same audited financial statements, but the validity of 14 months from the first issue will remain

Q) Is ICV certification mandatory for participating in government tenders and related activities?

A)

ICV certification is optional for those seeking to participate in federal government tenders. The ICV score will be calculated as zero if the supplier does not provide an ICV certificate.

Q) How can suppliers and stakeholders communicate with the department responsible for implementing the ICV Program at the Ministry?

A)

Should you have any comments, or enquiries about the ICV Program, you can get in touch directly with the Ministry’s Industrial Development Department via:

Email: ICV@moiat.gov.ae

Or call the Customer Happiness Center on: 600565554

Q) Will suppliers who previously obtained an ICV certificate at a local level be able to use it at the national level?

A)

Yes, suppliers who have obtained ICV certification at the local level can use their certificates at the national level.

Q) Will the process change for suppliers who have previously obtained the certification?

A)

No, nothing will change for suppliers who have previously obtained the certification. The National ICV Program has agreed with all ICV certifying companies not to change the guidelines, rules, or regulations for the program once it is applied at the national level for the time being.

Q) How many companies are currently granting authorized ICV certificates in the UAE?

A)

We are providing several options for suppliers to join the National In-Country Value program. We have selected and authorized twenty-one companies. with offices across the UAE to issue ICV certificates, making them easily accessible to all suppliers.

We have also selected some well known international companies for the suppliers who are based outside the UAE.

The number of companies granting ICV certificates may expand in the future, depending on demand.

Q) Is ICV certification available for SMEs only?

A)

No, ICV certification is not restricted by company size.

Q) Who are the program’s strategic partners?

A)

Our strategic partners are a cluster of government entities and leading national companies in diverse fields. These include all program implementers, such as the Abu Dhabi Department of Economic Development, represented by the Department of Government Support, which provides an umbrella for 62 local entities, as well as Abu Dhabi National Oil Company (ADNOC), Aldar Properties. A number of new partners is expected to join the program soon.

Q) How much does it cost to obtain the National In-Country Value Program certificate?

A)

The fees will be due only once the certificate is issued, and are set by the certifying bodies and determined by following the below criteria:

  • The size of the company (small, medium, and large) in terms of number of employees, annual cost and revenue
  • The company's readiness in terms of having an integrated accounting system
  • Nature of the facility - industrial or commercial

Q) What is the role of the Emirates Development Bank in terms of providing benefits to certified suppliers?

A)

The Emirates Development Bank has many programs dedicated to all suppliers and manufacturers in the country, as part of its role as the financial engine of the UAE’s Industry and Advanced Technology Strategy. The provided packages of competitive services and products include direct and indirect financing operations, capital investments and bank guarantees, in addition to non-financial support, such as training and guidance and feasibility studies.

These incentives will be linked to the suppliers In-Country Value Certificate.

For more information, visit the bank’s website: https://www.edb.gov.ae/en/ministry-of-industry-and-technology

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