As a major player in the oil and gas industry, the ADNOC ICV Certification Services in Dubai and Abu Dhabi has been taking steps to promote economic growth and diversification in the UAE through its In-Country Value (ICV) program. One of the key initiatives of this program is the ADNOC ICV Certification Services, which aim to support local businesses in Dubai and Abu Dhabi by providing them with a certification that recognizes their compliance with ICV requirements.
In this article, we will explore how ADNOC ICV Certification Services in Dubai and Abu Dhabi work and why they are important for businesses in the region.
What is the ADNOC ICV Certification Services in Dubai and Abu Dhabi Program?
The ADNOC ICV Program is a strategic initiative launch by ADNOC in 2018, aimed at boosting the economic development of the UAE by promoting local procurement, employment, and investment. The program requires all suppliers and contractors of ADNOC and its group companies to meet certain ICV criteria, which are design to increase the participation of UAE nationals and businesses in the oil and gas industry.
The ICV criteria include various factors such as the level of local content, employment of UAE nationals, investment in research and development, and the use of local suppliers. Suppliers and contractors are require to demonstrate compliance with these criteria through a certification process, which is conduct by ADNOC ICV Certification Services.
How Does the Certification Process Work?
The ADNOC ICV Certification Services in Dubai and Abu Dhabi offer a comprehensive certification process that evaluates a company’s compliance with ICV criteria. The process involves an initial assessment of the company’s ICV performance, followed by an on-site audit to verify the accuracy of the data provided by the company.
During the on-site audit, the certification team examines the company’s operations, processes, and records to ensure that they meet the ICV criteria. The team also interviews employees and reviews contracts and other documentation to assess the company’s commitment to local procurement and employment.
Once the audit is complete, the certification team provides the company with a report that outlines any areas of non-compliance and recommendations for improvement. If the company meets the ICV criteria, it is award a certification that is valid for one year.
Why is the Certification Important for Businesses?
The ADNOC ICV Certification is a valuable recognition for businesses operating in Dubai and Abu Dhabi, as it demonstrates their commitment to supporting local economic growth and diversification. The certification provides a competitive advantage for companies bidding for contracts with ADNOC and its group companies, as it shows that they have met the ICV requirements and are capable of providing quality services that meet the needs of the oil and gas industry.
Moreover, the certification can open up new business opportunities. So for companies, as it highlights their compliance with local regulations and standards. Many companies that require goods and services from suppliers and contractors. But have ICV requirements, and a certification from ADNOC ICV Certification Services. So can help businesses meet these requirements.
In addition, the ADNOC ICV Certification can also help companies attract and retain UAE nationals in their workforce. The ICV criteria require companies to employ a certain percentage of UAE nationals, which can help promote diversity and inclusivity in the workplace. By demonstrating their compliance with ICV criteria, companies can attract UAE nationals. But who are looking for employers who are committed to supporting the local economy.
The ADNOC ICV Certification Services are an important initiative by ADNOC to promote economic growth and diversification in the UAE. The certification process provides a comprehensive evaluation of a company’s compliance. So with ICV criteria, which can help businesses demonstrate their commitment to supporting the local economy.
The certification can provide a competitive advantage for businesses bidding. So for contracts with ADNOC and its group companies, and can also open up new business. But opportunities by highlighting compliance with local regulations and standards.