Business

ICV Certification in Qatar: Promoting Local Economic Development

ICV (In-Country Value) certification is a program implemented by the Qatari government to promote local economic development and diversification. The program aims to encourage local businesses to participate in government contracts and to increase their contribution to the country’s economy.

The ICV program requires companies to demonstrate their commitment to supporting local industries and contributing to the Qatari economy. Companies must undergo an assessment process to determine their ICV score, which is based on a set of criteria that includes local spending, local employment, training and development of Qataris, technology transfer, and corporate social responsibility.

The ICV score ranges from 0 to 100, and companies are required to achieve a minimum score of 30 in order to be eligible to bid for government contracts. The higher the score, the greater the likelihood of winning government contracts.

How to Obtain ICV Certification

To obtain an ICV certification in Qatar, companies must first register with the Ministry of Commerce and Industry. They must then undergo an assessment process, which is carried out by an approved ICV certification body. The certification body will evaluate the company’s performance in the different ICV criteria areas and assign a score based on their findings.

The ICV certification process is designed to be transparent and objective, and companies are provided with feedback on areas where they can improve their ICV score. The certification is valid for a period of one year and must be renewed annually.

In summary, ICV certification in Qatar is a program designed to promote local economic development by encouraging local businesses to participate in government contracts and contribute to the Qatari economy. Companies must undergo an assessment process to determine their ICV score, and must achieve a minimum score of 30 to be eligible to bid for government contracts.

The In-Country Value (ICV) certification program is a unique initiative launched by the Qatari government to promote local economic development and diversification. This program aims to encourage local businesses to participate in government contracts and increase their contribution to the Qatari economy. The ICV certification program evaluates companies based on their commitment to supporting local industries and contributing to the economy of Qatar. This paper discusses the ICV certification program in detail, highlighting its objectives, evaluation criteria, and benefits.

Objectives of ICV Certification Program:

The primary objective of the ICV certification program is to promote local economic development and diversification. This program aims to encourage local businesses to participate in government contracts and increase their contribution to the Qatari economy. The program aims to achieve this objective by evaluating companies based on their commitment to supporting local industries and contributing to the economy of Qatar. The ICV certification program encourages companies to focus on five main areas:

Local spend:

This area focuses on the amount of money spent by a company on locally produced goods and services. Companies are encouraged to source their supplies from local suppliers to support the growth of local industries.

Local employment:

This area focuses on the number of Qatari nationals employed by a company. The program aims to increase the participation of Qatari nationals in the labor market and promote their skills development.

Training and development of Qataris:

This area focuses on the company’s efforts to train and develop Qatari employees. The program encourages companies to provide opportunities for Qatari employees to acquire new skills and enhance their knowledge.

Technology transfer:

This area focuses on the company’s efforts to transfer technology to local companies. The program aims to promote the growth of local industries by promoting technology transfer from multinational companies to local companies.

Corporate social responsibility:

This area focuses on the company’s efforts to contribute to the social development of Qatar. The program encourages companies to support social initiatives and participate in community development programs.

Companies are required to achieve a minimum score of 30 to be eligible to bid for government contracts. The higher the ICV score, the greater the likelihood of winning government contracts.

Conclusion:

The ICV certification program is a unique initiative launched by the Qatari government to promote local economic development and diversification. The program aims to encourage local businesses to participate in government contracts and increase their contribution to the Qatari economy. The program evaluates companies based on their commitment to supporting local industries and contributing to the economy of Qatar. The ICV certification provides companies with several benefits, including increased eligibility for government contracts, enhanced reputation, access to networking opportunities, improved workforce development, and reduced reliance on foreign suppliers. Overall, the ICV certification program is an important step toward achieving the long-term economic development goals of Qatar.

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