ICV Certification Dubai

ICV Certification is a certificate issued by the Ministry of Industry and Advanced Technology (MoIAT) to suppliers in which their contribution to the local economy is evaluated. The certified suppliers are then given an advantage during the award of contracts and purchases based on their ICV score.

If you are a supplier in the UAE looking to gain an advantage in the award of contracts and purchases, obtaining an ICT certificate could be a wise move. An ICT certificate, issued by the Ministry of Industry and Advanced Technology (MoIAT), is awarded to suppliers based on their contribution to the local economy.

To obtain an ICT certificate, suppliers must undergo an evaluation process to determine their ICV score (In-Country Value). The ICV score is calculated based on a range of factors, including the level of local content in their products or services, the percentage of Emirati employees, and the amount of investment made in the UAE.

Once a supplier has been certified, they are given an advantage in the award of contracts and purchases. This is because the certification process ensures that certified suppliers have demonstrated a commitment to contributing to the local economy, which is a key priority for the UAE government.

It’s worth noting that an ICT certificate is valid for a period of 14 months from the date when the supplier’s financial statements were issued. Therefore, suppliers will need to ensure that they maintain their ICV score to ensure that their certification remains valid.

In summary, obtaining an ICT certificate in the UAE can provide suppliers with a significant advantage when it comes to the award of contracts and purchases. By demonstrating a commitment to contributing to the local economy, suppliers can gain the trust of government and private sector clients, which can lead to increased business opportunities and revenue.

Following factors will be considered for measuring ICV Score: