Get in Touch

We’re improving Litrix, so you may encounter some issues on the website. We’ll fix any errors ASAP. Thanks for your patience!

800

LAUNCH 528 624

WhatsApp

+971561204624

Get in Touch

ADNOC In-Country Value (ICV) Certification

Achieve certification to enhance your value in the United Arab Emirates and gain access to rewarding business contracts with ADNOC.

Contact now

Let's Talk

Free Consultation

ADNOC In-Country Value (ICV) Certification

The ADNOC In-Country Value (ICV) program, launched in January 2018, aims to diversify the UAE’s economy by localizing goods and services, creating job opportunities for UAE nationals, and enhancing local capabilities in the oil and gas sector.

Suppliers must show an increase in their ICV score by submitting achievement certificates, as the score is now vital in ADNOC’s tendering process, influencing contract awards based on pricing and ICV performance.

To obtain an ICV certificate, suppliers must work with an ADNOC-approved certification body, as only authorized auditors in the UAE can issue these certificates based on their audit reports. This initiative supports ADNOC’s 2030 growth strategy for sustainable business development.

Adnoc

Focus Areas of the ICV Program

Strategic Development

ADNOC is exploring various strategies as the ICV program evolves to enhance its effectiveness.

Training Initiatives

Organizing training programs for UAE nationals to improve the skills and expertise of the local workforce.

Investment Promotion

Promoting capital expenditure (CAPEX) and operational expenditure (OPEX) development plans to attract foreign investment into the UAE.

Supplier Relationships

Fostering long-term relationships with suppliers to strengthen collaboration and support.

Calculation of ICV Score

The ICV score for an entity is derived by examining the economic value generated by its goods or services. The following elements are considered in this assessment:

  • Exports
  • Revenue
  • Third-Party Spending
  • Investment
  • Goods Manufactured
  • Job Opportunities for UAE Nationals

Key Aspects of In-Country Value (ICV) Certification

  • Certification Recommendation: ADNOC encourages suppliers to obtain ICV certifications from approved ADNOC sources. Suppliers without certification can apply for group tenders, but their ICV score will be zero.
  • Audit Report Requirement: The ICV certificate is based on the audit report from the most recent financial year, which must not be older than two years.
  • Validity Period: The ICV certificate is valid for up to 18 months from the date of issuance or the date of the latest financial statements.
  • Revised Certificate Requirement: Suppliers must secure a revised ICV certificate within two months of receiving new audited financial statements.
  • Essential for Tender Participation: An ICV certificate is increasingly necessary for any business entity aiming to participate in tenders with ADNOC or its affiliated parties.

FAQS

What is the ICV certification?

The ICV certification is a program initiated by ADNOC to assess and enhance the economic contribution of suppliers through the localization of goods and services.

Why should suppliers obtain an ICV certification?

Obtaining an ICV certification is essential for suppliers aiming to participate in tenders with ADNOC or related entities, as it demonstrates their commitment to local value creation.

How is the ICV score calculated?

The ICV score is calculated based on factors such as exports, revenue, third-party spending, investment, goods manufactured, and job opportunities for UAE nationals.

How long is the ICV certificate valid?

The ICV certificate is valid for up to 18 months from the date of issuance or from the date of the latest audited financial statements.

What is required to obtain an ICV certificate?

An ICV certificate is based on the audit report from the most recent financial year, which must not be older than two years.

What should suppliers do if they have new financial statements?

Suppliers are required to obtain a revised ICV certificate within two months of receiving new audited financial statements.

If You Are Interested?

Contact us today for a consultation, and let’s get your business up and running in just a few days. Together, we can turn your vision into reality!

WhatsApp
+971 55 270 1475