In-Country Value certificates for companies surge by 33% to 3,484 in 2025

Doha, Qatar: The local value system witnessed remarkable growth as the number of companies obtaining In Country Value (ICV) certificates surged in thi...

Doha, Qatar: The local value system witnessed remarkable growth as the number of companies obtaining In-Country Value (ICV) certificates surged in this year reaching 3,484 compared to 2,620 last year showing a growth of 33 percent.

The third edition of the annual meeting of state procurement program 2026 witnessed the participation of more than 2,000 entrepreneurs, investors, and business owners, reflecting its role as a strategic platform for communication and partnership-building between the public and private sectors.

Revealing the key figures of the Government Procurement Plan Forum 2026, the Ministry of Finance stated in a post, that these figures underscore the forum’s positive impact on enhancing the business environment and enabling local companies to seize future opportunities within the government procurement market.

The In-Country Value certificates are issued to companies to prove their contribution to a nation’s local economy. The certificates are part of government programmes that prioritise local content in tenders and projects.

ICV certificates are required as a measurement tool during the awarding of tenders to companies. The system provides valuable business opportunities for local business owners and to attract investors setting up businesses in the country.