The National In-Country Value (ICV) Program was launched by the Ministry of Industry and Advanced Technology as part of the 50 Projects and stands as one of the key pillars of the National Strategy for Industry and Advanced Technology, known as ‘Operation 300bn’. This initiative is aimed at enhancing sustainable growth and boosting the country’s economy through the industrial and service sectors.
Please provide your insights on the following aspect:
1. Manufacturer A, operating in the Food & Beverage industry, has achieved a 20% ICV score according to their ICV certification. How can Manufacturer A in this industry increase its ICV score to 30% in the first year, and what long term strategies should be implemented to reach a 50% score by the third year? Please include examples and specific actions or initiatives that could facilitate these improvements.
2. Investor B, is planning to invest in the UAE by establishing a medicine production facility within the pharmaceutical industry. They are seeking your support to compile information that will aid in their decision making process. Please provide details on the advantages of investing in the UAE, including the support and incentives available to investors, and current challenges. Additionally, please recommend suitable locations and Emirate for the manufacturing facility, outline pros and cons of such location, shed light on relevant regulations related to the industry/investment/Emiratization they should know about them, and explain the benefits and opportunities provided by the “Make It in The Emirates” initiative and the ICV program.
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