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GAC Abu Dhabi obtains ADNOC in-country value certification

May 15, 2018
2 min read
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GAC, a marine services company said its Abu Dhabi unit has been certified under the Abu Dhabi National Oil Company’s (ADNOC) In-Country Value (ICV) programme to support local businesses and their role in driving economic diversification and GDP growth in the UAE.

Launched in February, the programme seeks to stimulate private sector partnerships and opportunities resulting from the company’s 2030 growth strategy, catalyse socio-economic development, improve knowledge transfer and create additional employment for UAE nationals. All business partnerships with ADNOC must now include an ICV assessment as part of the tender evaluation and award process. 

GAC Abu Dhabi’s certification comes after a thorough review taking into account goods and services sourced locally, employment and development opportunities for Emiratis, in-country spend of subcontractors, the company’s investment in the UAE, and expatriate contribution in the country, the company said in a statement.

Göran Eriksson, managing director said he was confident that the company’s certification will bring stronger, closer relationships with local companies and maximise GAC Abu Dhabi’s use of local products, facilities, services and infrastructure while growing alongside ADNOC.

“Our certification rings true to GAC’s long-standing pledge to put our customers’ ambitions and strategic targets at the heart of everything we do,” he added.

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