Excellent work has been done by the ADNOC Unified ICV Program. Contributing to In-Country Value (ICV) is related to economic incentives, which encourages local suppliers to prioritise obtaining an ICV certificate above other business goals in order to maximise their profits.
The program’s goal is to promote economic growth in the United Arab Emirates while also enabling small businesses to conduct business with large corporations such as ADNOC.
The project also offers a chance for “participating firms” to localise their commercial activities and contribute to the development of the UAE’s economic infrastructure via the establishment of local subsidiaries.
When submitting bids to ADNOC, local suppliers have the opportunity to gain an edge over their competitors. When it comes to the ADNOC bidding method, ICV Certification is a critical component of the selection process.
As a result, bidders who have ICV Certification will have a competitive advantage over those who do not hold the certification.
An increasing number of parties are signing up to participate in the ICV system, which means that obtaining an ICV Certificate is becoming an increasingly critical step. If you are interested in learning how to obtain an ICV Certificate, you can discover everything you need to know about the certification process below.
Since its inception, KGRN Chartered Accountants has provided ICV certification consultation services, allowing the company to establish itself as one of Dubai’s leading audit firms. We have a thorough understanding of the key components that can help you increase your ICV score.
Contact us now to learn more. When our advisers work together with your team throughout the ICV certification process becomes very simple & straightforward.
How to get ICV Certificate in UAE?
