ICV Certification : Commitment towards the Local Economy
As a leading heavy engineering and process equipment manufacturer based in Sharjah, UAE, we at SHENGG, consider it our duty to invest in the local economy. One way we contribute to the growth of the local economy is through our commitment to ICV certification.
About the ICV Certification
ICV, or In-Country Value, is a certification designed to measure the contribution of a company to the local economy. This certification is important because it helps to promote sustainable economic growth and diversification in the UAE. By achieving ICV certification, companies demonstrate their commitment to supporting the development of the local economy through various means, such as local hiring and sourcing, training and development programs, and investment in local infrastructure.
Under the ICV program, companies operating in the UAE are required to meet a certain level of local content and manufacturing in their products and services to qualify for government contracts and projects. The ICV program calculates a company’s local content and manufacturing using a specific methodology and assigns it an ICV score. To obtain ICV certification in the UAE, companies must undergo an evaluation process by an approved ICV certifying body.
At SHENGG, we are proud to have achieved ICV certification and to be recognized for our commitment to the local economy. Our ICV certification reflects our investment in the UAE and our dedication to promoting sustainable economic growth in the region. We recognize that by supporting the local economy, we are contributing to the long-term success of our business and the community as a whole.
To achieve ICV certification, companies are evaluated on a range of criteria, including their spending on local goods and services, local employment rates, and investment in local infrastructure and training programs. The certification process is rigorous, and companies must demonstrate a strong commitment to the local economy in order to achieve certification.
We have always placed a high value on local sourcing and employment, and our ICV certification is a reflection of this commitment. We strive to support the local economy by working with local suppliers and hiring local talent whenever possible. We also invest in training and development programs for our employees to help them develop the skills they need to succeed in their roles.
In conclusion, ICV certification is an important measure of a company’s commitment to the local economy. At SHENGG, we are proud to have achieved this certification and to be recognized for our contribution to the growth and development of the UAE. We believe that by supporting the local economy, we are helping to build a strong, sustainable future not just for our business but the community as a whole. We will continue to invest in the local economy and responsible business practices for sustainable development.