The National Committee for the National In-Country Value (ICV) Program, headed by the UAE Ministry of Industry and Advanced Technology (MoIAT), has launched a new digital platform enabling companies to obtain the national ICV certificate.
Supported by artificial intelligence (AI) technology, the new platform is in line with the ministry’s strategy to further develop the industrial sector and future industries in the UAE by supporting the national industrial strategy, Operation 300bn.
The national industrial strategy aims to create a business environment that attracts local and international investors and stimulates innovation and the adoption of advanced technology.
“The new platform is in line with the UAE Government’s Charter for Future Services, seamlessly providing digital services through a unified digital interface that meets human needs, lifestyle, and future. This is what the ministry is focused on through adopting the highest level of innovation and digitalization to boost efficiency. The new digital platform embodies MoIAT’s innovative approach to empowering the industrial sector, enhancing its in-country value, and facilitating the adoption of technology to boost productivity and reduce resource consumption. We are committed to comprehensively developing our services to keep pace with the next 50 years, in line with our national priorities. The ministry is continuously developing the platform to achieve customer satisfaction and is open to receiving feedback on the platform from companies to help enhance the user experience.”
The new platform provides several advantages, most notably automation of the certification process, which can save companies up to 40 percent in time and costs.
According to the statement, “The platform utilizes blockchain technology to check the validity of certificates, in addition to offering a ‘bidding process’ feature, which enables users to select the certifying body. It also offers a feature that notifies the Emirates Development Bank of users interested in the incentives offered by the bank, besides comprising a standardized taxonomy to improve data input quality.”
The digital platform allows users to view the status of their applications, enhancing governance and transparency.
The National ICV Program, which was announced as one of the UAE’s Projects of the 50, is one of the key pillars of the UAE’s National Strategy for Industry and Advanced Technology. It aims to redirect billions of dirhams worth of spending from government and large private companies to the local companies, and it is an important contributor to the UAE’s economic diversification strategy.