ARC is ADNOC Approved ICV Auditor in UAE offering the best ICV audit services in UAE. All ADNOC suppliers are required to get their ICV audit. ADNOC has initiated an In-country Value program (ICV) with the objective of Localization and to create more employment and job opportunities for Emiratis and to boost the UAE’s economy and the localization of important functionalities in the field of oil and gas.
In November 2017, an In-Country Value (ICV) program was announced for Abu Dhabi National Oil Company (ADNOC) Group Companies with the aim of creating additional employment opportunities for UAE Nationals, procurement of goods and services from UAE to diversify the GDP of the country and localization of critical parts in the oil and gas industry and other important sectors. In 2019 and 2020, various government and semi-government companies i.e. ADDED, Aldar Properties, Abu Dhabi Ports, Mubadala, and ENEC (together known as Participating Entities) joined hands to broaden the unified ICV certification process in UAE.
ICV score is calculated by evaluating your value-added contribution to the UAE for the goods or services offered by the company. The following areas are taken into consideration for calculating the ICV score:
As one of the approved empanelled ICV certifying bodies and being approved ADNOC ICV Auditors in UAE, we can help companies in obtaining a unified ICV certificate. Our professional team is experienced in performing an in-depth analysis of financial statements for advising clients to attain the best possible ICV score in line with ICV guidelines. We are fully committed to completing the certification on time and providing our best resources for the execution of the ICV certification process. ARC will provide the best ICV audit services in UAE.