What is the national In-country value (ICV) certification?
Any country’s economy can only function if it has a good state of spending. Therefore, a key driver of economic development and social productivity provides UAE with sustainable options. The In-country Value Program (ICV) is a program in the United Arab Emirates that promotes the local market to produce local content in all its elements at the local economy level. In addition, the program aims to overhaul government procurement procedures to meet economic goals set by the laws’ economic visions, strategies, and plans.
Providing Premier Consultancy Services for ICV Certification
The ICV initiative will encourage firms and manufacturers that participate in government tenders to boost their financial contributions in to the local economy, and this is through three primary factors:
- Emiratization
- Investment, and
- Locally produced goods and services.
All federal and local government and semi-government entities have collaborated to drive a unified program known as ICV.
The validity of the ICV Certificate
The ICV certificate is valid for 14 months starting from the date on which the Audited Financial Statements are issued.
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