A great insight about the implications of ADNOC´s In-country value program was given at the AHK Joint Seminar with the Spanish Business Group and the AmCham Abu Dhabi on September 17th, 2018.
After a welcome speech by Dr. Dalia Abu Samra-Rohte from the AHK, ADNOC´s representative Mona Balalaa gave a short introduction about ADNOC and proceeded with a detailed overview of the ICV program and an explanation of the different components.
Following that, Mr. Guillermo Cobelo, Country Manager of Técnicas Reunidas, talked about his practical experiences with ICV programs and provided the attendees with several tips on how to adjust their businesses. He especially pointed out the importance of being on site in the UAE and cooperating with local companies.
Dr. Tom Deeb of T&M Associates continued with the regulatory framework and the requirements of ICV, stressing the importance for businesses to register for the ICV.
Last, Dr. Constantin Frank-Fahle of SCHLÜTER Graf Legal Consultants explained the legal aspects of the program, starting from the enforcement and set up options up to licensing and security permits.
