The Role of ICV Certification in UAE’s Economic Diversification Goals
The In-Country Value (ICV) Certification plays a vital role in supporting the UAE’s economic diversification efforts by encouraging companies to invest in the local economy. Introduced to boost Emiratisation, promote local procurement, and enhance industrial growth, the ICV program aligns with the nation’s Vision 2030 strategy to reduce dependency on oil. By rewarding businesses that hire Emirati talent, source locally, and manufacture within the UAE, the ICV Certification fosters sustainable development and opens up new opportunities for SMEs and international partnerships. It has become a key enabler in shaping a more resilient, inclusive, and knowledge-driven economy.