Organisations supplying ADNOC, Aldar, Mubadala and an expanding list of UAE government and semi-government entities are evaluated on their In-Country Value (ICV) score at tender stage. Cressford Chartered Accountants provides a complete ICV certification service: preparation of the ICV submission from audited financial statements, accurate classification to reflect the full legitimate score, and coordination with a MoIAT-approved certifying body through to the issuance of your certificate.
Provide your details and receive a fixed-fee proposal within one working day.
No obligation. Your details remain confidential.
An ICV certificate, issued under the UAE National In-Country Value Programme administered by the Ministry of Industry and Advanced Technology (MoIAT), is an official document that quantifies the proportion of a company's expenditure and activity retained within the UAE economy. The assessment considers local procurement, in-country investment, Emiratisation, and the value added through goods manufactured or services rendered in the UAE.
Each certificate states an ICV score, expressed as a percentage. The programme originated with ADNOC in 2018 and was unified into a national framework under MoIAT in 2021. Participating government and semi-government entities now incorporate the ICV score into tender evaluation, making certification a practical prerequisite for public and semi-government procurement in Dubai and across the UAE.
ICV certification is not a statutory requirement; however, for organisations participating in government or semi-government procurement it is commercially essential. Where a participating entity evaluates a tender, a bidder without a valid ICV certificate is generally assigned a score of zero on the ICV component of the evaluation, a material disadvantage irrespective of price or technical merit. A valid ICV certificate is recommended for organisations that:
Including ADNOC, Aldar, Mubadala, Emirates Nuclear Energy Corporation and Etihad Rail, currently or prospectively.
Federal or local government and semi-government tenders in Dubai, Abu Dhabi or elsewhere in the UAE.
Suppliers to Tier 1 contractors that are themselves assessed on ICV increasingly require certification of their own vendors.
Construction, oil and gas, ICT, logistics, engineering, healthcare, manufacturing and professional services.
Certificates are issued per legal entity; groups holding multiple licences generally require a certificate for each entity.
A bid submitted without a valid ICV certificate is scored zero on the ICV component before commercial evaluation begins.
In Abu Dhabi procurement, the ICV factor may represent up to 40% of the financial evaluation; where ICV carries such weight, marginal differences in score can determine the award.
If a certificate lapses before tender close, the bidder is assessed as uncertified; certification timing should therefore be managed against the tender calendar.
An independently certified ICV score demonstrates verifiable commitment to the UAE economy to clients, partners and financial institutions.
The ICV score is derived from weighted components extracted from audited financial statements. Indicative components and typical maximum weightings are:
Two companies with comparable revenue may achieve materially different scores depending on how these figures are captured and classified. Classification, rather than the administrative completion of the template, is where the score is substantively determined, and where the involvement of chartered accountants provides measurable value. The precise formula and weightings differ between goods manufacturers and service providers under MoIAT guidelines.
Cressford Chartered Accountants manages stages one to four and liaises directly with the certifying body throughout.
An ICV certificate remains valid for fourteen months from the date of issue of the audited financial statements on which it is based. Re-certification within that window using the same financial statements does not extend the original expiry; accordingly, most organisations renew annually on the basis of updated audited accounts.
The ICV score reflects underlying commercial decisions and can be improved through structured planning ahead of the next audited period:
Cressford Chartered Accountants incorporates these measures into a forward roadmap so that each certification cycle is planned rather than incidental.
Accounting & Bookkeeping →The ICV score is determined by financial data, and the accurate preparation of that data is our core discipline.
Where audited financial statements are required, the audit and the ICV submission are delivered as a single coordinated engagement.
The projected score is simulated and approved by the client before submission.
Experienced professionals manage each engagement against the client's sector requirements and tender deadlines.
An ICV (In-Country Value) certificate quantifies the proportion of a company's expenditure and activity retained within the UAE economy. Suppliers to ADNOC and a growing number of government and semi-government entities require certification to compete effectively in tenders; an uncertified bidder is generally scored zero on the ICV component.
Certification is not a statutory requirement, but it is commercially essential for organisations bidding on government or semi-government work, as the absence of a valid certificate places a bidder at a structural disadvantage against certified competitors.
Audited financial statements prepared under IFRS, signed by a Ministry of Economy-approved auditor and no older than two years, completed into the official ICV template and certified by a MoIAT-approved certifying body. Where no audit has yet been performed, Cressford Chartered Accountants completes both the audit and the submission.
Certifying-body fees vary with the size and complexity of the entity, and preparation costs depend on the state of the financial records. Cressford Chartered Accountants provides a fixed professional fee, agreed in advance.
Fourteen months from the date of issue of the audited financial statements used to obtain it. Re-certification within that period using the same statements does not extend the expiry, and most organisations therefore renew annually.
Yes. Increasing UAE-based procurement, strengthening Emiratisation, investing in-country and classifying eligible costs correctly throughout the year each raise the score legitimately. Cressford Chartered Accountants provides a structured roadmap for successive cycles.
The National ICV Programme applies across the UAE, including Dubai. Any Dubai-based organisation bidding for participating-entity, government or supply-chain work may require a valid ICV certificate.
Certification delivered efficiently, with your score confirmed before submission and a structured roadmap for future cycles.