ICV is in Country Value Certification by ADNOC. A certificate which measures the contribution of the company towards the local economy. The United Arab Emirates aims to diversify the local economy, strengthen supply chains, increase Emiratization in the private sector and transfer technology knowledge to the local companies.
The certificate can be used by all companies, wherever they are, to participate in government tenders under the Abu Dhabi Local Content Program.
ICV certification is a requirement for all companies operating in Abu Dhabi that wish to apply for governmental and semi-governmental procurements. The ICV factor accounts for 40% of the financial evaluation. All government and semi-government entities in Abu Dhabi require an ICV certificate for their procurements.