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ADNOC IN-COUNTRY

VALUE PROGRAM

@adnocgroup

‫ اإلمارات العربية المتحدة‬،‫ أبوظبي‬،898 ‫ص ب‬ ‫شركة بترول أبوظبي الوطنية‬


PO Box 898, Abu Dhabi, UAE
adnoc.ae Abu Dhabi National Oil Company
1 AN INTRODUCTION
TO IN-COUNTRY VALUE
–– As an anchor to the Abu Dhabi economy, Abu Dhabi National Oil
Company (ADNOC) has a responsibility to Abu Dhabi and the
United Arab Emirates (UAE) to play a leading role in driving the
prosperity of our nation. We have done this for generations, and
we will continue to do so, long into the future.

–– ADNOC’s In-Country Value Program has been launched in 2018

–– This program is designed to stimulate local and national


economic growth and development. In addition to contributing to
the UAE’s economic vision, the Program will:

–– Create opportunities for both international and local


businesses to further participate in ADNOC projects;

–– Provide local suppliers with access to global best practices;


–– Set the floor for more collaboration between local and
global suppliers, helping local suppliers become more
competitive; and

–– Create more job opportunities in the private sector in UAE


2 OUR
COMMITMENT
–– ADNOC is committed to increasing its in-country value
through:

GDP DIVERSIFICATION
–– ADNOC will support UAE GDP diversification and industrial
growth by sourcing more local goods and services, without
compromising on quality and technical requirements.

EMIRATIZATION
–– ADNOC will continue to focus on its employment and
will encourage greater employment of Emiratis in the
private sector.

STRATEGIC LOCALIZATION
–– ADNOC will support the localization of critical parts of its
supply chain for selected goods and services.

3 OUR
GOAL
–– Our goal is to maximize in-country value by increasing our current
level of in-country spend.
ADNOC IN-COUNTRY
VALUE PROGRAM
“A CATALYST FOR UAE GROWTH
AND DEVELOPMENT”
4 OUR
APPROACH
–– Starting 2018, Supplier ICV achievement will be considered in
evaluation of all ADNOC Group tenders.

–– Therefore, ADNOC recommends suppliers apply for in-country


value certificates to consider their ICV percentage in ADNOC’s
tender process. The certificates will be issued by an ADNOC-
empanelled certifying body after review and verification of
suppliers’ in-country value claims. The details of the certifying
bodies are available in ADNOC ICV website.

–– These requirements will be defined and calculated according to


detailed formulas that account for Emiratization targets and local
value-add. Suppliers without a certificate will be considered with
0% of in-country value.

–– For suppliers of goods, certificates will be issued based on


local value-added activities such as in-country manufacturing,
Investment, Emirati employment and Expat contribution.

–– For suppliers of services, certificates will be issued based on


levels of in-country value of goods procured, Subcontractors
engaged, Emirati employment and Expat contribution

To learn more about these requirements, please


visit ADNOC’s dedicated in-country value website,
which contains more detailed information about the
program, as well as illustrative examples.
WHAT’S
NEXT?
–– In addition to supporting suppliers with their in-country
value strategies, we will hold workshops for different
stakeholders to further explain, clarify and answer any
additional questions.

–– Our goal is to maximize in-country value potential helping


ADNOC and its suppliers drive economic growth and
development across the UAE.

We will be glad to hear your In-Country Value stories!


Many of our suppliers are already contributing toward in-country
value. We’d love to hear from you. Please reach out to us, using
the contact details below, to share your stories.

Contact : ICV@ADNOC.ae

For more information,


please visit : www.adnoc.ae/en/incountry-value
@adnocgroup

adnoc.ae ‫شركة بترول أبوظبي الوطنية‬


Abu Dhabi National Oil Company