ICV Overview

In-Country Value (ICV) is the percentage of a supplier’s spend retained in-country.

Watch ICV Overview!

 

Tawteen ICV program is developed to complement Qatar National Vision 2030 by driving the localization agenda in Qatar’s Energy sector through the following key enablers:


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  1. Way of working, not just a formula
    ICV will change the behavior of procurement process and suppliers’ spend. Suppliers need to adapt their procurement strategy as the commercial evaluation will be based on suppliers’ competitive price and ICV score.
     
  2. Contribute to sustainable economic growth for the Energy sector
    • ICV will encourage local businesses to grow and broaden local sources to enhance the supply chain resilience and business continuity.
    • ICV will reduce dependency on imports since resources will be available in country, which will result in logistic cost savings and shorter lead-time.

  3. Key strategic focus area
    ICV in Qatar is driven by focusing on the following strategic objectives of localization:
    1. Maximize sustainable in-country value creation
    2. Upskill and develop local talent and suppliers
    3. Promote in-country private investment

  4. Mechanism to promote GDP diversification
    ICV promotes GDP diversification through developing and supporting local suppliers and SME (small and medium enterprises) as well as incentivizing foreign suppliers to establish new opportunities in Qatar
     
  5. Enable the development of local suppliers
    Suppliers will benefit from their contribution to develop and support their sub-suppliers. Any cost incurred by the suppliers towards the development of their sub-suppliers counts as 100% contribution to ICV.
     
  6. Support Qatar in becoming globally competitive
    ICV incentivizes exports since the revenue from export is excluded from ICV formula, which leads to a higher ICV Score.
     

ICV Formula
The ICV formula is based on the ICV strategic objectives.

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TAWTEEN PARTNERS


Tawteen is led by Qatar Petroleum with the participation of all the companies in the Energy sector in Qatar. These companies are engaged in the business of oil, gas, petrochemicals, fertilizers, metals and power generation. The list of companies in the Energy sector is as listed below.
1 QP2 Qatar Gas3 Qapco4 Qafco5 North Oil Company6 Shell8 Qatar Steel9 Oryx GTL10 Total11 Dolphin Energy12 Qatalum13 QChem14 Qafac16 Oxy17 Qatar Electricity Water
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Qatar Petroleum is an integrated National Oil Corporation responsible for the sustainable development of the oil and gas industry in the State of Qatar. Qatar Petroleum’s activities encompass the entire spectrum of the oil and gas value chain locally, regionally, and internationally, and include exploration, production, processing, marketing and sales of oil and gas, liquefied natural gas (LNG), natural gas liquids (NGL), gas to liquids (GTL) products, refined products, petrochemicals, fertilizers, steel and aluminum.

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Doha, Qatar

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  info@tawteen.com.qa
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