MoIAT launches digital platform for ICV Program certification

MoIAT launches digital platform for ICV Program certification

Abu Dhabi, UAE:- The National Committee for the In-Country Value (ICV) Program, headed by the Ministry of Industry and Advanced Technology (MoIAT), has announced the launch of a new digital platform for companies to obtain the national ICV certificate.

Supported by artificial intelligence technology, the new platform is in line with the ministry’s strategy to empower the industrial sector and develop future industries in the UAE. The national industrial strategy, Operation 300 Bn, aims to create a business environment that attracts local and international investors, while stimulating innovation and the adoption of advanced technology.

The new platform provides several advantages, most notably automating the certification process, which can save companies up to 40 percent in time and costs.

The platform utilizes blockchain technology. It includes a bidding process feature, which enables users to select the certifying body, in addition to a feature that notifies the Emirates Development Bank of users interested in the incentives offered by the bank. It also provides standardized taxonomy to improve data input quality. The digital platform allows users to view the status of their application, enhancing governance and transparency.

The ICV Program is one of the main pillars of the ministry’s strategy to enhance the local, regional, and international