Thu, 19 December, 2019
Abu Dhabi National Oil Company (ADNOC) have launched the In-Country Value (ICV) strategy, which aims to strengthen relationships with the UAE’s private sector. Businesses must now complete an ICV assessment as part of their partnership with ADNOC, which will form part of the tender evaluations and award process.
Introduced in February 2018, the new strategy is procurement led and designed to increase ADNOC’s ICV contribution. In order to do this, they will be focusing on the selection of local suppliers, the development of UAE nationals and the localisation of critical functionalities in the oil and gas industry.
ADNOC will undertake a series of strategic initiatives as the ICV strategy continues to develop. These will include:
- Identifying strategic suppliers and collaborating with them to develop their long-term ICV strategies
- Identifying appropriate categories for which only local small and medium companies will be invited to take part in the tender process
- Providing high-level visibility of ADNOC’s future spend to incentivise and encourage suppliers to enhance their investment in the UAE
- Facilitating focused training programmes for Emiratis to increase the employability of the local workforce.
We are pleased to announce that TWI Gulf WLL is now ICV-certified.
TWI Gulf WLL, U.A.E. is a subsidiary company of TWI Ltd, headquartered in Cambridge, UK, a not-for-profit membership-based R&D and knowledge sharing organisation that specialises in materials joining technologies and associated training and consultancy with various offices and training facilities including in Dubai, Bahrain and Pakistan. TWI Gulf WLL, U.A.E. was founded to extend the services that TWI Group could offer to engineering companies, from a local base, within the MENA and Pakistan regions.
To learn more please visit www.twi-middleeast.com/gulf or contact us at email@example.com