The In-Country Value (ICV) program is a strategic initiative by the UAE government to boost economic growth by encouraging companies to retain value within the country. If your business is planning to bid for contracts with entities like ADNOC, Aldar, Etihad Rail, or other government-linked organizations, a strong ICV score can significantly improve your chances of success.

Your ICV score is determined by several financial and operational factors. These include your company’s local procurement, the number of UAE nationals you employ, the amount of profit retained in the country, investment in fixed assets, and how much business you conduct with local suppliers. The higher your score, the more competitive you become in government tender evaluations.

One of the most effective ways to improve your ICV score is by increasing local spending. Choosing UAE-based suppliers and service providers directly adds to your score and strengthens your connection to the local economy. Additionally, hiring Emirati talent—even in junior roles—contributes positively. The more UAE national salaries reflected in your financial statements, the better your score will be.

Another important factor is profit retention. Keeping your profits within the UAE instead of transferring them abroad demonstrates a commitment to local growth, which is rewarded in the ICV calculation. Similarly, investing in fixed assets—such as office space, equipment, or technology—in the UAE reflects positively in your ICV evaluation.

It’s also important to maintain accurate and up-to-date financial records. The ICV certificate is based on your most recent audited financial statements, which must be prepared in accordance with IFRS standards. Any discrepancies or missing details can delay your certification or result in a lower score. That’s why working with an experienced auditing and ICV consultancy firm is essential.

At Al Maase Auditing, we specialize in helping businesses across the UAE improve their ICV scores. Our team provides end-to-end support—from financial audits and documentation preparation to submission coordination with MoIAT-approved certifiers. We also work closely with clients to develop strategies that will increase their score year over year, making them more attractive to government buyers and main contractors.

In conclusion, improving your ICV score isn’t just about numbers—it’s about aligning your operations with the UAE’s vision for local value creation. Whether you’re a Free Zone company or a mainland supplier, taking the right steps today can lead to greater contract opportunities tomorrow.

If you’d like to know where your company stands or how to begin the certification process, reach out to Al Maase Auditing for a free consultation. Our experts are ready to help you succeed.If you’d like to know where your company stands or how to begin the certification process, reach out to Al Maase Auditing for a free consultation. Our experts are ready to help you succeed.