UAE Ministry of Energy & Infrastructure joins National In-Country Value Program

UAE Ministry of Energy & Infrastructure joins National In-Country Value Program

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

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

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 program’s aims to enhance economic growth by redirecting government expenditure into the national economy.

Mr. Omar Al Suwaidi, Undersecretary

UAE MoIAT “As part of its strategy to empower the industrial sector, increase investment attractiveness and develop national capabilities, MoIAT is launching an integrated ecosystem of programs, initiatives, and projects that support the growth and development of the industrial sector. This ecosystem includes the National ICV program, which aims to enhance the capabilities and revenues of certified companies by increasing the demand for local products and services. This contributes to the growth of the industrial sector, creates quality job opportunities, and provides incentives to