Empowering Emirati Talent: National ICV Program Launches Industrialist Program and Career Fair in 2023

Empowering Emirati Talent: National ICV Program Launches Industrialist Program and Career Fair in 2023

The Ministry of Industry and Advanced Technology has unveiled the achievements and expansion plans for the National In-Country Value (ICV) Program. The program, launched as part of the Projects of the 50 initiative, has played an important role in advancing the UAE’s industrial development, attracting investments, and supporting economic growth.

Milestones and Achievements:

Since its launch, the ICV Program has achieved substantial milestones, contributing to the competitiveness and sustainability of the UAE industrial sector. Noteworthy accomplishments include the establishment of partnerships, redirection of government procurement to local businesses, and encouragement of Emirati entrepreneurs in the industrial sector.

Under the program, there has been a significant increase in spending on local products and services, reaching AED 67 billion in 2023—a remarkable 26 percent increase from the previous year. Investments by ICV-certified companies exceeded AED 200 billion in 2023, reflecting the program's impact on the national economy.

Empowerment and Investment Attractiveness:

His Excellency Omar Al Suwaidi , Undersecretary of MoIAT, highlighted the ministry's commitment to achieving national development goals through initiatives like the National ICV Program. The program has resulted in 15,768 Emiratis employed in ICV-certified companies, marking an 80 percent increase from 2022, aligning with the ministry's policies for upskilling Emirati talent.

Agreements and collaborations, such as