ADNOC In-Country Value (ICV) Certification

  • All ADNOC suppliers are required to declare their ICV achievement (ICV Certificate)
  • ADNOC has established a panel of independent certification bodies to confirm information submitted by suppliers under the program.
  • The ICV Certificate shall be prepared based on last audited financial statements, which shall not be older than 2 years from the certification year.
  • The ICV certificate shall be valid for a period of 18 months from the date of initial issue or once a new set of financial statements are issued (whichever is earlier).

The Abu Dhabi National Oil Company (ADNOC) has launched an In-Country Value (ICV) program with the objective of growing and diversifying the UAE’s economy and creating opportunities for UAE nationals in the private sector.

By integrating the ICV criteria into ADNOC’s commercial evaluation process, the company aims to nurture local and international partnerships and opportunities, improving knowledge transfer and creating job opportunities for UAE nationals. The ICV assessment now forms an integral part of ADNOC’s tender evaluation and award process.

  • All companies that supply goods or services direct to ADNOC will be asked for their ICV score in tender applications.
  • Companies without ICV certification will still be able to participate in tenders, but will be given a score of zero and may be at a disadvantage to those with a higher ICV score.
  • An ICV certificate needs to be obtained for each legal entity, which intends to participate in tender with ADNOC or any of its group companies.
  • ADNOC suppliers will review their own supply chain and request an ICV score from their own suppliers.
  • ICV certification will need to be carried out on an annual basis.
  • Supplier shall be responsible to have the revised ICV certificate within 2 months of the issuance of audited financial statements.
  • All ADNOC suppliers are required to declare their ICV achievement (ICV Certificate)
  • ADNOC has established a panel of independent certification bodies to confirm information submitted by suppliers under the program.
  • The ICV Certificate shall be prepared based on last audited financial statements, which shall not be older than 2 years from the certification year.
  • The ICV certificate shall be valid for a period of 18 months from the date of initial issue or once a new set of financial statements are issued (whichever is earlier).

ICV scores are calculated by assessing the economic value-add within the UAE for the goods or services offered by the company, according to a pre-defined methodology. The following areas are taken into consideration:

  • Goods manufactured
  • Third party spend
  • Revenue
  • Exports
  • Investment
  • Emiratisation
  • Expatriate contribution

We at MARS Management Consultants (MARS) ensure that you are ready and prepared for ADNOC’s ICV program requirements.

ADNOC has provided its suppliers with a Submission Template. Our evaluation process will ensure that all the prerequisite for ICV program is in place before undergoing the ICV program conditions to be certified by authorized bodies. MARS will review the ICV checklist with you and ensure you are meeting the set of standards of procedures as prescribed by ADNOC.