ICV Certification in Qatar (In-Country Value program)
Tawteen has launched an In-Country Value (ICV) program for its suppliers as part of localization of the support services industries for the energy sector in the State of Qatar. ICV certification is one of Tawteen Programs key elements as it is the mechanism to measure the local content contribution of suppliers and contractors.
All Suppliers for Tawteen Partner Companies are encouraged to calculate and declare thier ICV score for the previous financial year, to demonstrate how they are helping to deliver ICV. ICV scores need to certified by a Tawteen approved ICV certifiers, such as Kreston SVP Charted Accountants, on an annual basis
What does this mean for suppliers to Energy Sectors ?
All organizations that supply goods or services to the energy sectors – either directly, or indirectly via an intermediary supplier – will be required to provide an ICV Scorecard in their tender submission. The ICV certification plays a pivotal role in fostering a sustainable energy sector. By implementing a standardized evaluation process for each supplier, in-country value program ensures fairness and transparency in assessing their contributions to Qatar's economy.
ICV certification
ICV (In-Country Value) Certification is a program introduced to encourage companies to contribute more to the local economy. It measures a company’s commitment to supporting local suppliers, hiring local talent, investing in training, and contributing to Qatar’s sustainable development goals.
Businesses operating in Qatar, especially those working with government entities and large corporations, are often required to obtain ICV certification to qualify for tenders and contracts.
At Kreston SVP, we are an approved body for providing ICV Certification Services in Qatar, ensuring that your business meets all program requirements and gains a competitive edge in bidding processes.
Calculating the ICV score
ICV scores are calculated by assessing the economic value added within Qatar for the goods or services offered by the company, according to a pre-defined methodology. The following areas are taken into consideration:
- Spend on local goods and materials
- Spend on local services & white collar workforce salaries
- Cost of training offered
- Cost of supplier training and ICV certification programs
- Depreciation of Company assets in Qatar
Why Choose Kreston SVP?
Kreston SVP is an independent firm of Kreston International, the leading ICV certifier in Qatar with a track record of more than 1000+ ICV certifications so far. We are registered under Ministry of Commerce and Industry and approved as an auditor in QFC, QDB and QCB.
Kreston International is 13th largest global network of independent accounting firms. We have over 200 firms in over 125 countries with more than 25,000 professionals. Our team of experienced professionals can guide the clients to the right direction for getting ICV certification in Qatar.
- Accredited and recognized provider of ICV certification in Qatar.
- Extensive experience with multinationals and local companies.
- An advisory approach to help businesses maximize their ICV score.
- End-to-end support: from documentation to certification and advisory.
How We Can Help You ?
The process of obtaining ICV Certification requires extensive documentation, and Kreston SVP provides invaluable assistance, streamlining the lengthy procedures, and saving considerable time and cost. To discuss how Kreston SVP can support you with your ICV certification in Qatar, please contact us.
Email : icv@krestonsvp.com
Phone : +974 6668 8575 / 33163774