In-Country Value Creation
As a key engine of the UAE’s economic growth and diversification, we recognize the importance of building a sustainable supply chain, enabling local talent and companies to prosper, and supporting the development of our nation’s industrial sector. This is why we pioneered the In-Country Value (ICV) program in 2018, designed to maximize value retention within the country.
Through this procurement-led program, we aim to increase our contribution to the local value chain by boosting our in-country spend; enabling local suppliers and manufacturers to grow their base in the UAE; incentivizing international partners and companies to work closely with local firms, products, people, services and infrastructure.
Following its initial success, our program was nationalized by the UAE Ministry of Industry and Advanced Technology (MoIAT) in 2021 to become the National ICV Program.