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The National In-country Value (ICV) Programme Committee, led by the UAE Ministry of Industry and Advanced Technology (MoIAT), has launched an artificial intelligence-driven digital platform to help businesses obtain national ICV certificates.
The new platform offers various advantages, such as automating the certification process, which can save companies up to 40 percent in time and costs, the government said in a statement on Wednesday.
The platform will allow users to view the status of their applications and enhance governance and transparency. It aims to empower the industrial sector and develop the UAE’s future industries.
New digital platform embodies MoIAT’s innovative approach to empowering the industrial sector, enhancing its domestic value and fostering technology adoption
Deputy Interior Minister Omar Al Suwaidi
“The new platform is in line with the UAE Government’s Future of Services Charter to deliver digital services in a seamless manner through a unified digital interface that meets human needs, lifestyles and the future,” said Omar Al Suwaidi, MoIAT Deputy Minister and National Chairman, ICV Planning Committee.
“The new digital platform embodies MoIAT’s innovative approach to empowering the industrial sector, enhancing its domestic value and promoting the adoption of technology to increase productivity and reduce resource consumption,” said Mr Al Suwaidi.
The platform also utilizes blockchain technology. It includes a bidding process feature that enables users to choose a certification body, in addition to a feature that informs users of the UAE Development Bank who are interested in the incentives offered by the bank.
The ICV scheme is part of the UAE’s Top 50 project launched in September to boost the growth of UAE industry by reallocating half of government procurement and tender contract spending to the national economy by 2031. Last year, it redirected more than 41 billion dirhams ($11.2 billion) of spending to the national economy.
The plan aims to increase the number of companies with ICV certification and increase spending on UAE products and services from AED33 billion in 2020 to AED55 billion by 2025.
It has expanded significantly since its launch, with more than 45 federal and local government entities and 17 national companies signing up to the agreement.
It provides growth opportunities for companies in key industries such as heavy industry, space technology, hydrogen energy, medical technology, advanced manufacturing, food and beverage, agritech, pharmaceuticals, electronics, machinery and equipment, petrochemicals, and rubber and plastics.
Last year, the UAE announced Action 300 billion, a 10-year strategy to increase the industrial sector’s contribution to the country’s GDP to AED 300 billion and to strengthen the “Made in the UAE” initiative.The goals of these two initiatives are to change country Become a manufacturing powerhouse.
Updated: September 14, 2022 at 5:38 pm
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