“The In-Country Value Program (ICV) aims to improve the productivity and sustainability of the UAE’s industrial sector. It also intends to boost the contribution of local industries to national GDP while enhancing the role of local companies to the country’s socio-economic development.” – Ministry of Industry and Advanced Technology

Regardless of which sector it operates in, the ICV Program will significantly impact any sizable entity’s policy towards investment, procurement, talent development and structuring. At KPMG, we view ICV as an ecosystem that unlocks value by enhancing, accelerating and automating decisions that drive growth and contribute to the local economy. International and regional businesses will need to define cohesive strategies to remain sustainably competitive as effectively implementing these strategies takes time.

Areas of impact

  • Procurement - Greater emphasis on local sourcing
  • Supply chain - Focus on localization of supply chains
  • Hiring - Enhanced job opportunities for local talent in the private sector
  • Manufacturing base - Emphasis on “Make it in the Emirates”
  • Subcontracting - Increase third-party spend within the UAE
  • Asset base/investment - More private sector investments within the UAE

KPMG’s view on the evolution of ICV

Near term focus

(one-two years)

  • Enhancing the ICV score for government entities
  • ICV metrics as evaluation criteria for procurement
  • Development plans to improve supplier scores
  • Suppliers/sub-contractors to provide ICV credentials for all sourcing activities

Near term focus

(three-five years)

  • Minimum ICV score targets to be defined for all government entities
  • ICV to be a defining criteria for all procurement
  • Increased Emiratization in the private sector


Long-term focus

(five+ years)

  • Minimum ICV score to be defined across the government and private sector
  • ICV metrics to be minimum qualifying criteria for all major contracts
  • Increased local presence across all industries

How we can help

Focus areas Description of activities Benefits
Strategy development

Strategy: Help in developing an ICV strategy 

focused on improving the overall ICV score

Identified categories for ICV spend optimization
Capability development and adoption

Building capabilities: Help develop an

comprehensive action plan to

build capabilities for identified functional


Enhanced capabilities to improve

the ICV score

Organization and governance design

Design and setup: Help setup an

organization and governance structure to

support the ICV Program

A clearly defined governance and

reporting structure

Policy and procedure development

Process definition: Help develop tailored ICV

policy, procedure and process flows aligned

with the organization’s vision

Streamlined operations aligned to

policy and procedures

Performance development

Performance reporting: Help define KPIs

to track ICV performance and develop a

roadmap to increase the maturity level of operations

Insight to performance to report

and track progress

Operational support

Execution support: Help in the execution

process of implementing the ICV


A rapid realization of benefits leveraging best practices

Our value proposition

  • In-depth understanding

Having supported the launch of the ICV Program in the country from its initial stage, we possess an in-depth understanding of the ICV vision

  • Extensive ICV experience

We bring to the table a healthy mix of Advisory and Audit experience in the ICV Program

  • Experienced local team

We have a strong UAE-based team having experience in driving localization/ICV projects for leading organizations

  • Thought Leadership

We have small and medium-sized enterprises (SMEs) with extensive industry experience in the ICV space and have developed a whitepaper on ICV

  • Execution speed and quality

Our project delivery team has advanced skills on implementing projects across the ICV value chain

  • KPMG accelerators

Our execution team will be supported by the KPMG Global Procurement and Supply Chain Advisory and have access to best-in-class localization practices

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