Understanding the Importance of ICV Certification for Doing Business in Qatar

In Qatar, the In-Country Value (ICV) certification is becoming increasingly important for companies looking to do business with the government. The ICV certification represents a measure of a company’s contribution to the local economy and society. By evaluating a company’s local spending, local employment, and knowledge transfer to Qatar, the certification aims to support economic development and increase the participation of Qatari businesses in the economy.

The in-country value Qatar certification process uses a point system with a maximum score of 100. Points are awarded based on the percentage of a company’s expenditures that are made in Qatar, the number of Qatari employees, and the extent of their contribution to the development of local skills and knowledge. The certification is required for all government tenders and contracts in Qatar, and companies must meet a minimum score to be considered for these opportunities.

Companies that score well on the ICV certification are more likely to be awarded government contracts, as the government prioritizes the economic development of Qatar. This certification is part of a larger effort to increase local participation in the country’s economic development and promote the growth of the country’s infrastructure and capabilities.

To achieve a higher ICV certification score, companies can engage in various activities such as sourcing local goods and services, employing Qatari nationals, investing in local training and development programs, and partnering with local businesses to share knowledge and expertise. Such actions not only improve the company’s ICV score, but also contribute to the overall economic growth of Qatar.

In summary, the ICV certification is a critical factor for companies looking to do business with the Qatari government. By demonstrating their commitment to local spending, employment, and knowledge transfer, companies can improve their chances of winning government contracts and contribute to the economic development of Qatar. With the government’s emphasis on the importance of the ICV certification, companies looking to do business in Qatar should prioritize obtaining this certification to increase their chances of success.