KPMG Lower Gulf Appointed To Support ADNOC’s In-Country Value Program In The UAE

Leading global audit, tax and advisory services firm KPMG is one of six firms selected by ADNOC to assist them in driving its In-Country Value (ICV) strategy in the UAE, which aims to stimulate partnerships and opportunities within the UAE’s private sector.

In line with ADNOC’s 2030 growth strategy, the program seeks to catalyze socio-economic development, improve knowledge-transfer and create additional employment for UAE nationals. The program will also support local businesses and their role in driving economic diversification and encourage GDP growth in the UAE.

To enable this vision, ADNOC have been hosting a series of workshops with suppliers to introduce them to the company’s ICV guidelines and policies, and explain how suppliers’ ICV contributions will be certified. KPMG is one of the selected firms that will assist ADNOC in this task by verifying the ICV performance of suppliers.

The criteria will assess suppliers’ ICV contribution, including goods and services sourced locally, employment and development opportunities for Emiratis, in-country spend of subcontractors, supplier’s investment in the UAE, and expat contribution.