In-Country Value (ICV) Program: Who Qualifies and What You Get
Learn how the ICV Program gives companies supplying federal entities a competitive advantage in government tenders.
The In-Country Value (ICV) Program is a framework designed to support businesses that contribute directly to the local economy by supplying goods and services to federal entities.
Who it's for
This program is specifically intended for companies that act as suppliers to federal entities. If your business provides goods or services that are part of the supply chain for these official entities, you may be eligible to participate in the program.
What you get
The primary benefit of this program is receiving preference in government tenders. When the government puts out a request for goods or services, businesses with this certification can gain a competitive edge during the selection process, helping them secure more contracts and grow their presence within the local market.
What it costs you
Participating in the program is not a simple registration. It requires a third-party audit of your local spending. You will need to hire an external auditor to review your financial records to verify exactly how much your business invests back into the local economy through your operations and procurement.
The catch to know
While the program offers significant advantages, the certification process is known to be complex. This complexity is a specific hurdle for small service providers who may find the administrative requirements and the need for a third-party audit more difficult to manage than larger, established corporations.
How to apply
- Review your company's local spending and procurement records.
- Engage a qualified third-party auditor to conduct a formal review of your local economic contribution.
- Use the verified audit results to apply for your certification.
- Check the official portal for specific requirements and submission steps: https://moiat.gov.ae/