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Wezen Accountings are honored to be provide ICV Certificate Consultancy to implement the National In-Country Value (ICV) Program for the Ministry of Industry and Advanced Technology (MoIAT).
The Program’s strategic partners comprise of a cluster of government entities and leading national companies in diverse fields, including the Program’s implementers, such as the Abu Dhabi Department of Economic Development (ADDED), Abu Dhabi National Oil Company (ADNOC) and Aldar Properties.
The key objectives of the Program are strategic localization of supply chains and the development of new local industries and services, stimulating and attracting foreign investments, diversifying the economy, and increasing exports, creating valuable job opportunities in the private sector, contributing to the growth of national GDP, enhance spending on R&D and advanced technology and increase the private sector’s contribution to national GDP.
As part of the National ICV Program, suppliers are required to declare their ICV achievement (“ICV Certificate”) with respect to the previous financial year. The ICV assessment forms an integral part of the tender evaluation and award process of the Partners of the Program.
The ICV Certificate is required to be certified by one of the Certifying Bodies on an annual basis.
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