In November 2017, ADNOC announced its intention to introduce an In-Country Value Program (ICV) for its suppliers. This procurement-led initiative aims to boost ADNOC’s ICV contribution by focusing on local supplier selection, development of UAE Nationals, and the localisation of critical functionalities in the oil and gas industry.
ADNOC will use those ICV scores to rank suppliers during the procurement process, with the contract being typically awarded to the company with lowest bid and highest ICV score. It is of critical importance therefore for companies to properly reflect their ICV score and ensure they are up to date with their calculations and certification.
Considering the importance, Experts E&I successfully certified for ADNOC In-Country-Value (ICV) program