ICV

Amjaad Group
In Country Value

Program Overview

  • Amjaad Group adopted and implemented the In-Country Value (ICV) Program, a government initiative in Oman.
  • The program enhances economic performance and supports regional businesses by directing greater public spending to the domestic economy.
  • Amjaad Group is committed to reaching the highest levels of ICV through practical and measurable actions.

ICV Focus Areas

  • Increasing Omanisation and developing the skills of the national workforce.
  • Increasing in-country spending on local services (Local Omani SMEs).

Governance and Delivery

  • Amjaad Group is registered and compliant with ICV certificates through the Ministry of Energy and Minerals, the General Secretariat of the Tender Boards, the Ministry of Labour, and the Business Gate-Way Platform.
  • To maximize industry contribution to social and economic development in Oman, the Group continuously enhances ICV under top management leadership.
  • The ICV strategy brings together SMEs and executives across sectors to provide guidance and services for ICV development.
  • The strategy supports participation in group project execution and delivery while creating and sharing opportunities across the industry.
  • Our ICV Policy is driven by two pillars: Contracting & Procurement (C&P) for qualified local sourcing, and Human Resource (HR) for Omanization development across group subsidiaries.

Our Group ICV Policy Mission

To support the sustainability of the local supply market in terms of services and products.

  • Apply ESG factors to identify and manage risks affecting operations, reputation, and long-term viability.
  • Address environmental and social challenges proactively, including climate risk, resource scarcity, labor practices, and community relations.
  • Reduce negative performance impacts by integrating sustainability into supply and service decisions.

To leverage the Omani supply market and enhance the ICV development / Omanization within the group

  • Strengthen local sourcing from Omani suppliers and SMEs to expand in-country value.
  • Advance Omanization through focused workforce development across group entities.
  • Reinforce trust and credibility with customers, investors, and stakeholders through ethical, responsible business practices.
ICV Policy Mission