UAE: Ministry of Energy and Infrastructure joins National ICV Programme

  • Date: 15-Jun-2023
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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UAE: Ministry of Energy and Infrastructure joins National ICV Programme

DUBAI - The Ministry of Energy and Infrastructure (MoEI) has joined the National In-Country Value (ICV) programmeme following a memorandum of understanding with the Ministry of Industry and Advanced Technology (MoIAT).

The MoU was signed in the presence of Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology; and Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure.

Under the MoU, the two ministries will cooperate to implement the programme, which was launched as part of the Projects of the 50. MoEI will apply the National ICV standard to all its procurement activities and contracts.

The MoU was signed by Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology; and Eng. Hassan Mohammed Al Mansouri, Undersecretary for Infrastructure and Transport Affairs at the Ministry of Energy and Infrastructure.

Empowering the industrial sector

The MoU supports national strategic objectives to boost the growth of the industrial and advanced technology sectors and to enhance the competitiveness of national supply chains. It aligns with the National ICV programmeme’s aims to enhance economic growth by redirecting government expenditure into the national economy.

The programmeme includes products and services procured from locally based companies. In addition, the programme aims to create quality job opportunities in the