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What is ICV Score?

ICV

ADNOC introduced an In-Country Value (ICV) program for its suppliers. The program aims to enhance ADNOC’s ICV contribution by focusing on local supplier selection, UAE Nationals development, and the...

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What is ICV Improvement Plan?

ICV

The ICV Improvement Plan is a contractual commitment linked to payment against the achievement of actual ICV achieved for the ICV committed as per the ICV Improvement plan.  The...

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VAT Law in Oman

VAT in Oman

The Sultanate of Oman announced the implementation of Value Added Tax on 12 October 2020. The VAT Law was published through the Official Gazette of Oman on 18 October...

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