BuildingNation
The In-Country Value Program (ICV) is designed to provide the Ministry of Industry and Advanced Technology the tools it needs to boost the efficiency and sustainability of the industrial sector
Oman In Country Value
What are the key objectives of the ICV?
The In-Country Value (ICV) Program is a government initiative in Oman with the goal of enhancing economic performance and assisting regional businesses by directing higher amounts of public spending toward the domestic economy.
* Increasing Omanisation and developing the skills of the national workforce.
* Increasing in-country spend on local goods and services
Supporting Oman’s Economic Growth
3000+
Registered Suppliers
2407
Active Certificates
150
Certificate in Process
13 M
ICV Value - OMR
Strategic Goals
Prioritizing In-Country Value builds more resilient economies that benefit all.
Products Localization
Localization of supply chains of new local industries and services
National GDP Growth
Contributing to the growth of national GDP
Job Opportunities
Creating valuable job opportunities in the SMEs sector
SME's Support
Initiative to support local SME sector in all sectors
SUPPORTING ICV
OMAN ICV INITIATIVES SPONSERS
We Support ICV Oman
ICV Contribution By Local Entities
Hear to the Industrial Experts on In-Country Value
Many countries have successfully proven
their achievements, in terms of the ICV , by
enhancing the local content and keeping
high percentage of the funds spent on
developmental projects within its economical
domain, by following the of policy of imposing
high ratios in ICV. [read more]
Abdulrahman Al Yahyaei
OPAL CEO
As we continue our journey towards
ICV,PDO has worked to support the
government’s vision to boost manufacturing
industries as a part of Oman’s economic
diversification programme, and in line
with PDO’s vision of creating value for
Oman and all our stakeholders. [read more]
Zahran Al Abri
PDO’s ICV Development Manager
Occidental Oman has been in the Sultanate
of Oman for over 35 years and is honored
to partner with the Omani Government and
local communities.Driven by our In-Country
Value strategy, we are committed to support
the local production of Omani goods and services,
increase [read more]
Budoor Younes Al Zadjali
ICV Head at Occidental Oman
Frequently Asked Questions
The ICV program will, over time, establish a robust baseline which each supplier will be measured against accordingly. Additionally, the program will measure the progression of ICV over time and ensure processes and systems are in place to maximize ICV.
The ICV program will contribute to a sustainable Energy sector by ensuring that each Supplier is evaluated in a uniform manner and that Suppliers will be appropriately developed and incentivized to drive Oman's economic growth.