In-Country Value (ICV) Certification Services

In-Country Value (ICV) Certification Services

We are approved by the Qatar Energy – Tawteen Programme as an Approved ICV Certifier. This milestone allows us to provide specialized ICV certification services to our esteemed clients.

Our scope of work involves performing Agreed Upon Procedures (AUP) in accordance with ISRS 4400, following the specific guidance and practical insights provided by the Tawteen governance body.

Empowering Your Competitive Advantage in Qatar’s Energy Sector 

In-Country Value (ICV) measures the economic value added from local operations and retained spend within the State of Qatar. The ICV score is calculated using a specialized formula that captures the contribution of eligible local costs from total operational costs. 

By evaluating contributions across local purchases, workforce upskilling, local supplier development, and capital investments, the ICV Program rewards compliant bidders—giving your business a distinct strategic advantage during commercial evaluation in Energy Sector tenders. 

Strategic Objectives of the ICV Program

Developed by Tawteen, the ICV Program complements the Qatar National Vision 2030 by driving the localization agenda through key economic enablers. 

Key Strategic Focus Areas 

Maximize Value:

    Create sustainable, long-term in-country value.

Talent & Supplier Development:

    Upskill local talent and build the capacity of local suppliers.

Private Investment:

    Promote and incentivize private investment within Qatar.

The Impact of ICV Compliance

Benefit Area How ICV Drives Transformation
A New Way of Working ICV shifts procurement behaviors. Suppliers are motivated to adapt their sourcing strategies, as commercial success relies heavily on both competitive pricing and a strong ICV Score.
Sustainable Economic Growth By encouraging businesses to broaden local sourcing, ICV enhances supply chain resilience, reduces reliance on imports, saves logistical costs, and shortens lead times.
GDP Diversification The program promotes diversification by supporting local suppliers and incentivizing foreign enterprises to establish new, localized operations in Qatar.
Local Supplier Enablement Suppliers who invest in developing other local suppliers are rewarded by capturing 100% of that spend in their ICV Score, with additional recognition for innovation via the Bonus Scheme.
Global Competitiveness Through its dedicated Bonus Scheme, ICV rewards forward-thinking behaviors such as export initiatives, automation, productivity enhancements, and targeted R&D.

Why Choose JAR Audit?

Trusted Accounting and Outsourcing Partner in Qatar

  • Certified Professionals: Our team consists of highly qualified accountants and auditors.
    Local Expertise: In-depth knowledge of Qatar’s financial regulations and tax laws.
    Tailored Solutions: Customized services to meet your specific business needs.
    Commitment to Excellence: We prioritize accuracy, transparency, and timely delivery.

FAQ’s

Qatar Energy (Former Qatar Petroleum) has announced the implementation of the In-Country Value Policy in the Energy Sector through “Tawteen”, the localization program for services and industries in Qatar’s energy sector.  

The ICV Policy will promote the strategic localization of supply chains, as the tendering and awarding process, where suppliers and contractors who are contributing the most to the local economy will acquire a commercial advantage.  

 

  • Register on the Tawteen ICV digital portal.   
  • Fill in your ICV Scorecard/Plan with supporting documentation.   
  • Submit it to a Tawteen-approved certifier.   
  • Certifier validates and issues the certificate  

No. Foreign-owned companies can also get an ICV certificate; the score is based on measured economic contribution, not ownership.  

No. Foreign-owned companies can also get an ICV certificate; the score is based on measured economic contribution, not ownership.  

Typically, 1 year after which it must be renewed.  

  • Promote local industries and services.  
  • Increase procurement spending within Qatar.  
  • Boost employment for residents, including training and development.  
  • Encourage diversification away from imports  

Disclaimer of Opinion and Adverse Opinion – Tawteen approval required in such cases before acceptance, Tawteen approval not required if the qualification pertains to specific area  – noncash item, IFRS -9, bank confirmation, investment in subsidiaries or associates, impairment of assets, non-issuance of consolidated statements, fair value of land, IFRS-16 departures or depreciation.  

Approved Engagement Leader  

Uploading final version of ICV Certificate, and factual finding report on ICV digital portal.  

Yes, provided the qualification has been shared with Tawteen prior to the certification process and the certifier obtained approval to proceed.  

If the subsidiary has a different CR’s they are required to have separate engagement letters issued and signed for each engagement separately.  

Yes, it is mandatory  

Yes.