The UAE’s In-Country Value (ICV) program has become a key driver of economic growth, encouraging businesses to contribute more to the local economy. For contractors, especially those working with government entities and large corporations, having a strong ICV score is no longer optional it’s a competitive necessity.
At Al Fakher Accounting, we work with contractors to help them understand the ICV framework and implement strategies that boost their score, giving them an edge in winning contracts and tenders.
What is the ICV Program?
The ICV (In-Country Value) program was launched as part of the UAE’s economic diversification strategy. It measures how much a company contributes to the UAE economy in areas such as:
- Local procurement and sourcing
- Emiratization (hiring UAE nationals)
- Investment in local assets
- Revenue retained within the country
Contractors with higher ICV scores are prioritized in government contracts and tenders.
Why is ICV Important for Contractors?
- Tender Advantage – A high ICV score improves eligibility for government projects
- Market Reputation – Positions contractors as trusted, locally supportive businesses
- Economic Contribution – Demonstrates commitment to UAE’s long-term goals
- Compliance – Ensures alignment with national development policies
Key Ways Contractors Can Maximise Their ICV Score
a) Focus on Local Procurement
Sourcing raw materials, machinery, and services from UAE-based suppliers significantly boosts your ICV score.
b) Invest in Local Workforce (Emiratization)
Hiring and training Emirati nationals shows commitment to workforce development and improves scoring.
c) Increase Capital and Assets Within UAE
Expanding facilities, investing in local offices, or owning equipment locally adds weight to your ICV certification.
d) Retain Revenue in UAE
Contractors that demonstrate reinvestment and financial flow within the UAE economy score higher.
e) Work with Certified ICV Auditors
An accurate and transparent ICV certificate ensures credibility and better scoring during tender evaluations.
👉 At Al Fakher Accounting, we help contractors prepare and submit ICV reports, ensuring all eligible contributions are maximized.
Challenges Contractors Face in ICV Compliance
- Limited awareness of eligible contributions
- Difficulty in sourcing locally without affecting costs
- Lack of expertise in preparing ICV documentation
- Risk of losing tenders due to low ICV score
This is why partnering with experienced consultants makes a big difference.
How Al Fakher Accounting Supports Contractors
We provide:
- ICV Gap Analysis – Identifying areas to improve scores
- ICV Strategy Development – Tailored action plans for contractors
- Documentation & Certification Support – Preparing accurate reports for auditors
- Ongoing Advisory – Continuous guidance to improve ICV performance year after year
For contractors in the UAE, the ICV program is more than a compliance requirement—it is a pathway to growth. Maximising your ICV score means better opportunities, stronger partnerships, and alignment with the UAE’s economic vision.
At Al Fakher Accounting, we make ICV compliance simple and effective, helping contractors secure contracts with confidence.
👉 Contact us today to learn how we can help you maximise your ICV score and stand out in the UAE market.
