To join the ICV Program, suppliers need to follow a few simple steps:

1. Issue audited financial statement based on International Financial Reporting Standards (IFRS)
2. Fill in ICV template as per the guidelines. Click here to download the template.
3. Approach one of the authorized certifying bodies for evaluation. Click here to find out about the certifying bodies.
4. Once the ICV certificate is received, a supplier is eligible to submit to one of the participating entities.

The time needed to process the application varies based on the situation of each supplier. It depends on the company’s size, number of employees, and its readiness to provide the required documents to the certification companies.

Once all the required documents are submitted, the application will be processed within 7 to 10 working days.

The ICV certificate shall be valid for a period of 14 months from the date of issuance of Audited Financial Statements. Supplier can get recertified during the validity of the ICV certificate if he chooses to, using the same audited financial statements, but the validity of 14 months from the first issue will remain

ICV certification is optional for those seeking to participate in federal government tenders. The ICV score will be calculated as zero if the supplier does not provide an ICV certificate.

Yes, suppliers who have obtained ICV certification at the local level can use their certificates at the national level.

No, ICV certification is not restricted by company size.

ICV certificates are required for companies working directly or indirectly with the following Implementing Agencies as suppliers or subcontractors such as

Abu Dhabi Department of Economic Development, represented by the Department of Government Support, which provides an umbrella for 62 local entities

Abu Dhabi National Oil Company (ADNOC),

Aldar Properties

Etisalat

Abu Dhabi Ports

Etihad Rail

Sharjah Investment and Development Authority (Shurooq)

Aldar Properties

Mubadala

Emirates Steel

TAQA Group

Edge

Emirates Nuclear Energy Corporation

Emirates Global Aluminum (EGA)

Companies submitting tenders through Musanada (Abu Dhabi General Services Company)

The fees is determined by following the below criteria and varies for each supplier:

• The size of the company (small, medium, and large) in terms of number of employees, annual cost and revenue
• The company’s readiness in terms of having an integrated accounting system
• Nature of the facility – industrial or commercial

1. The audited financial statements of the company, in accordance with IFRS, by an auditor licensed by the Ministry of Economy.
2. Companies that are newly established (less than ten months old) and do not have audited financial statements can use their management accounts for a period of up to ten months for ICV calculations.

The In-Country Value of a company (referred to as the ‘Supplier’) is measured based on the annual cost of procurement made by the supplier from other entities (‘Vendors’) based in the UAE. Also, it considers the value of fixed assets in the UAE, the depreciation associated with them, and annual manpower costs for Emiratis and Expats in the UAE. In addition, a supplier may also qualify for a bonus score if their revenue comes from outside the UAE, their Emirati headcount, and their investment growth each year.

There is no minimum ICV score. Depending on the business model and operations of each company, ICV Score may vary even within the same industry. Although, a supplier can always work towards increasing their ICV score in the future.

A separate ICV certificate must be obtained for each industrial/commercial license held by a company. However, if the company has different branches in the same Emirate with identical activities and identical ownership listed on the licenses, then one combined ICV certificate can be taken for the company in that Emirate.

Vendors of Implementing Agencies without the ICV Certificate are allowed to participate in tenders, however, their ICV score will be considered as “Zero” in the bid evaluation, therefore, they may be at a disadvantage over those holding ICV Certificates.

A company can increase their ICV score by making investments in the UAE, localizing procurement, creating more employment opportunities for both Emiratis and Expatriates.