What is In-Country Value (ICV)?


In Country Value (ICV) is defined as the total spend retained in-country that can benefit business development, contribute to human capability development and stimulate productivity in the Omani economy. In short, products made and services provided by skilled Omanis.

What are the key objectives of the ICV?



1. Increasing Omanisation and developing the skills of national workforce.
2. Increasing in-country spend on local goods and services.

What is ICV Blueprint Strategy?


A comprehensive study aimed to build on the successes to date, identify new opportunities and develop a broad roadmap that will contribute to strengthening the efforts of oil & gas sector in the field of ICV development.
 

The summary of the ICV Blueprint Strategy can be viewed and downloaded by selecting “Downloads”, followed by “General” and then selecting “ICV Development Blueprint Strategy” or “ICV Brochure”.
 

What are the ICV elements?


It consists of the following seven elements with an overarching aim of maximising ICV in the oil & gas sector. These elements are molded into a standard ICV Plan, which is explained in the following FAQ.
1. Investments in Fixed Assets
2. Omanisation in the Work Force
3. Training of Omanis
4. Local Sourcing of Goods
5. Local Sourcing of Subcontracted Services
6. Development of National Suppliers
7. Development of National Training, Education and R&D Institutions

 

What is an ICV plan?


Plan prepared by the contractor as part of tender submission and supported by a binding document governed by set of terms and conditions to be implemented during the contract period.

The ICV Plan can be viewed and downloaded by selecting “Downloads”, followed by “General” and then selecting the file “Standardisation of ICV Requirements in C & P“.

What is meant by Supply Chain Development Opportunities (also refers to “opportunities”)?


Businesses that have been identified as a result of the demand and supply analysis of goods and services in the oil & gas sector, which are currently imported and identified as high potential to be carried out in Oman.
A complete list of the opportunities can be viewed and downloaded by selecting “Downloads”, followed by “General” and then selecting the file “ICV Opportunity Catalogue”.

What is meant by “Launched” opportunities?


Opportunities that have been presented to the market in successive waves or events and are assigned to the relevant oil & gas operators for development.

What happens after the launch of the opportunities?


Following the launch, the opportunities that have been assigned to the relevant oil & gas operators will proceed through various development stages until tender award.

The status of the launched opportunities can be viewed by selecting “Opportunities Status”.
 

What is the scope of each opportunity?


The scope overview that was presented during the launch can be viewed and downloaded by selecting “Downloads”, followed by “Workshop Slides”.

However, for the opportunities that are not launched, the scope overview will be made available during the launch date.
 

What about the rest of the opportunities that haven’t been launched and how it is determined which of those opportunities will be launched in the next wave?


The rest of the opportunities will be launched in subsequent waves or events and announced through various media outlets prior to the launch date. The number and type of the opportunities will be prioritized and determined for the next wave based on market conditions and related factors.    
 

Who will float the tenders?


The tenders will be floated by the relevant oil & gas operators, whereby all participants who have registered their interest through the ICV Website will be informed regarding details of such tender.

It is to be noted that in order to be eligible to participate in the oil & gas tenders, all participants/suppliers are required to register in the Joint Supplier Registration System (JSRS) at the following website: https://www.businessgateways.com.  

How to register an interest in any of the opportunities?


All participants/suppliers can register by selecting “Contact Us”, followed by “Expression of Interest” and then selecting the required category/opportunity. Alternatively, you can register through “Opportunities Status” or “Expression of Interest” located in the lower part of the webpage.   

For the “Launched” opportunities, a respective link will be provided to register your interest, which will be processed by the relevant oil & gas operators.  

For the opportunities that are not launched, your interest will be registered and you will be informed of any updates accordingly.   

What is the purpose of setting-up the ICV Programme Management Office (PMO)?


To ensure alignment with the ICV Blueprint Strategy, manage and coordinate initiatives and opportunities implementation and act as a single point of contact for ICV related communication with internal and external stakeholders. 
 

Does ICV PMO provides support for financing or arranging land for any of the opportunities?


The ICV PMO does not provide financial support or land allocation for the opportunities as these responsibilities rest with the investors, including any associated procedures and arrangements. It is worth mentioning that there are a number of financial institutions in the Sultanate such as the Government-owned Al Rafd Fund (please view “Useful Links”).
 

Who can we contact for any additional questions or information about ICV?


You can submit your queries by selecting “Contact Us” followed by “Enquiry”. Alternatively, you can directly select the “Enquiry” located in the lower part of the webpage.
 

How can we request an appointment with officials in the ICV PMO to discuss related issues?


You can request an appointment by selecting “Contact Us” followed by “Appointment”. Alternatively, you can directly select the “Appointment” located in the lower part of the webpage.