ABU DHABI, 14th September, 2022 (WAM) — The National Committee for the National In-Country Value (ICV) Programme, headed by the Ministry of Industry and Advanced Technology (MoIAT), has announced the launch of a new digital platform enabling companies to obtain the national ICV certificate.
Supported by artificial intelligence (AI) technology, the new platform is in line with the ministry’s strategy to further develop the industrial sector and future industries in the UAE by supporting the national industrial strategy, Operation 300bn, which aims to create a business environment that attracts local and international investors and stimulate innovation and the adoption of advanced technology.
The new platform provides several advantages, most notably automation of the certification process, which can save companies up to 40 percent in time and costs.
Moreover, the platform utilises blockchain technology to check the validity of certificates, in addition to offering a ‘bidding process’ feature, which enables users to select the certifying body. It also offers a feature that notifies the Emirates Development Bank of users interested in the incentives offered by the bank, besides comprising a standardised taxonomy to improve data input quality. The digital platform allows users to view the status of their application, enhancing governance and transparency.
The ICV Programme is one of the main pillars of the ministry’s strategy to enhance the local, regional, and international competitiveness of national products and services, raise the number of certified vendors, and increase government expenditure on Emirati products and services to AED 55 billion by 2025.
Omar Al Suwaidi, Under-Secretary of MoIAT and Chairman of the National Committee for the National ICV Programme, said, “The new platform is in line with the UAE Government’s Charter for Future Services, providing digital services in a seamless manner through a unified digital interface that meets human needs, lifestyle, and future. This is what the ministry is focused on through adopting the highest level of innovation and digitalisation to boost efficiency.
“The new digital platform embodies MoIAT’s innovative approach to empowering the industrial sector, enhancing its in-country value, and facilitating the adoption of technology to boost productivity and reduce resource consumption.”
Al Suwaidi called on all local companies to take advantage of the new digital ICV platform, stressing that it can enhance their competitiveness and help them expand by developing advanced industries and services.
He added, “We are committed to comprehensively developing our services to keep pace with the next 50 years, in line with our national priorities. The ministry is continuously developing the platform to achieve customer satisfaction and is open to receiving feedback on the platform from companies to help enhance the user experience.”
The National ICV Programme, which was announced as one of the UAE’s Projects of the 50, is one of the key pillars of the UAE’s National Strategy for Industry and Advanced Technology. It aims to redirect billions of dirhams worth of spending from government and large private companies to the local companies, and it is an important contributor to the UAE’s economic diversification strategy. In 2021, the programme succeeded in redirecting more than AED41 billion of spending into the national economy.
The programme has also witnessed a remarkable expansion since it launched on a national level, with more than 45 federal and local government entities and 17 leading national enterprises joining the programme, and more than 5,300 companies becoming ICV-certified. The National ICV Programme offers growth opportunities for companies in priority sectors, such as heavy industries, space technology, hydrogen, medical technology, advanced manufacturing, food and beverages, agri-tech, pharmaceuticals, electronic equipment, machinery and equipment manufacturing, petrochemicals, and rubber and plastics.