The UAE government’s Cyber Security Council and the Abu Dhabi Future Energy Company (Masdar) have joined the Ministry of Industry and Advanced Technology’s (MoIAT) National In-Country Value (ICV) Program.
The announcement came during the signing of two Memoranda of Understanding (MoUs) between the Ministry, the Cyber Security Council, and Masdar on the sidelines of Abu Dhabi Sustainability Week (ADSW), in the presence of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology.
The first MoU was signed by Mr. Mohammed Hamad Al Kuwaiti, Head of the Cyber Security Council, and Mr. Abdullah Al Shamsi, Assistant Under-Secretary for the Industrial Development Sector, MoIAT. The second memorandum was signed by Mr. Mohamed Jameel Al Ramahi, CEO of Masdar.
The National ICV Program is one of the main pillars of the UAE’s national industrial strategy. It aims to support the industrial sector by redirecting the procurement of government and private sector entities to certified local suppliers. The program has witnessed a remarkable expansion since its launch in September 2021, with 45 federal government bodies joining the program, in addition to 15 major national companies.
“The UAE has a strong technological infrastructure. Through cooperation with the Ministry of Industry and Advanced Technology, we seek to promote a culture of investment in the cyber security, data management, and cloud computing sectors, and all related sectors by providing advantages to major international companies that join the National ICV Program, thus drawing them to invest in the country.“
The signing of the MoUs aligns with the ‘Projects of the 50’ by promoting economic growth and consolidating sustainable development, transforming the industrial sector into a major contributor to the UAE ‘s economy.
Mr. Al Shamsi said that “Masdar’s agreement to join the National ICV Program will open new horizons for investments in renewable energy, sustainability, and clean technology, which respond to the growing demand for products and services in these promising fields. It will also enhance the use of advanced technology across various sectors, strengthening the UAE’s status as a global hub for industries of the future.“
The National ICV Program has helped to redirect billions of dirhams of public and private sector expenditure related to procurement and services to the national economy. It provides certified companies with an advantage in the government procurement and tendering process. The Ministry of Industry and Advanced Technology has partnered with 21 certifying bodies to issue its ICV certificate.