Etihad Airways, the national airline of the United Arab Emirates, has become the country's first airline to join the In-Country Value (ICV) Programme. The Ministry of Industry and Advanced Technology (MoIAT) is expanding the program's scope to include new sectors like aviation as part of the national industrial strategy to sustain economic growth and raise the efficiency and competitiveness of the industrial sector.
The In-Country Value Programme, part of the UAE's Projects of the 50, is a pillar of the national industrial strategy and benefits certified companies by increasing local demand for their products and services. By joining the ICV programme, Etihad Airways will prioritise local suppliers and UAE companies in the procurement process. It will also encourage global suppliers to establish branches in the UAE, attracting more foreign investments to the country.
Etihad Airways joins 18 other leading national institutions and 45 federal entities that have joined the ICV programme since it launched on a federal level late last year. The programme redirected more than AED 41 billion in 2021 from implementing entities purchases and services expenses, compared to AED 27 billion two years ago.
The In-Country Value Programme aims to increase the number of certified vendors within the program from 5,000 to 7,300 companies and increase government expenditure on Emirati products and services from AED 33 billion in 2020 to AED 55 billion by 2025. In 2021, the National ICV Programme succeeded in redirecting expenditure up to AED 41.2 billion.
Etihad Airways, the national airline of the UAE, was formed in 2003 and quickly became one of the world's leading airlines. From its home in Abu Dhabi, Etihad flies to passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia and North America.