The implications of ADNOC’s “In-Country Value” program at SCHLÜTER GRAF

 

Dubai, 13th May 2018

SCHLÜTER GRAF Legal Consultants hosted a Business Breakfast on Thursday, 10 May 2018 in its offices in Business Bay. The speakers Mr. Jens Winkelmann (Managing Director Endress+Hauser UAE LLC), Dr. Tom Deeb (T&M Associates) and our senior lawyer, Dr. Constantin Frank-Fahle, LL.M. informed the attendees about practical experiences with ADNOC’s “In-Country Value” program (“ICV”), the ICV regulatory framework and its legal implications.

Following a general trend in the region, ADNOC has introduced an ICV program. The 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.

 

Source Schlüter Graf

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