ADNOC’s ICV (In Country Value) Program Seminar
The Spanish Business Council (SBC) together with the German Emirati Joint Council for Industry & Commerce (AHK) and the AmCham Abu Dhabi
are pleased to announce the
“Implications of ADNOC’s ICV (In-Country Value) Program”
Date: Monday, 17th September 2018
Time: 9:00AM – 12:00PM
Venue: Rosewood Abu Dhabi, Al Maryah Island
SBC Members: 120 AED
Non Members: 180 AED
The Abu Dhabi National Oil Company (“ADNOC”) plans significant investments, over $100 billion in the next 5-years. Only recently, ADNOC announced its plans to unveil its detailed downstream strategy. The new strategy will be anchored around an unprecedented new investment and development program at the integrated Ruwais refining and petrochemicals complex in Abu Dhabi.
Following a general trend in the region, ADNOC has introduced an “In-Country Value” program (“ICV” – www.adnoc.ae/en/incountry-value). The ICV program is a procurement-led initiative that aims at focusing on local supplier selection, the development of UAE Nationals, and the localization of critical functionalities in the oil and gas industry.
- Registration & Networking
- Welcome Address
Dr. Dalia Abu Samra-Rohte, Deputy CEO, German Emirati Joint Council for Industry and Commerce (AHK)
- ADNOC In-Country Value Program
Mona Balalaa, Senior Specialist, In-Country Value, Adnoc.
- Practical Experiences with ICV
Mr. Guillermo Cobelo, Country Manager, Técnicas Reunidas
- ICV Regulatory Framework and ICV Requirements
Dr. Tom Deeb, T&M Associates
Among other things, Dr. Deeb has designed and implemented in-country value addition programs in Azerbaijan and the Kingdom of Saudi Arabia. He will discuss how companies can make use of the ICV program to facilitate their ADNOC business.
- Legal Implications of Entering the Abu Dhabi Market / Restructuring the UAE Presence
Dr. Constantin Frank-Fahle, Senior Lawyer, SCHLÜTER GRAF Legal Consultants
Dr. Frank-Fahle will elaborate on the legal implications of ICV on the set-up in the UAE, contractual consequences and other legal pitfalls.