In-Country Value Certificates Surge 33% to 3,484 in Qatar

In a significant development for Qatar’s economy, the number of companies obtaining In-Country Value (ICV) certificates surged by 33% in 2025, reaching 3,484 compared to 2,620 in the previous year. This increase reflects the growing emphasis on local content and economic contribution among businesses operating in the country.

Forum Highlights Growth in Local Business Participation

The latest figures were revealed during the third edition of the Government Procurement Plan Forum, held from October 20 to 22, 2025, which attracted over 2,000 entrepreneurs, investors, and business owners. The forum serves as a strategic platform for fostering communication and partnerships between the public and private sectors.

According to the Ministry of Finance, the data presented at the forum illustrates the positive impact of the event on enhancing the business environment. It enables local companies to seize future opportunities within the government procurement market. The ICV certificates are integral to this system, as they demonstrate a company’s commitment to the local economy and are necessary for companies bidding on government tenders.

The ICV initiative is part of broader government programs aimed at prioritizing local content in various tenders and projects. By requiring these certificates, the government not only measures contributions to the economy but also provides local businesses with valuable opportunities to attract investments.

Encouraging Progress for Small and Medium Enterprises

This year has marked significant growth for micro, small, and medium-sized enterprises (MSMEs) in terms of participation, application rates, technical approvals, and selection rates. The upward trend reflects a healthy business climate for smaller companies within Qatar’s economic landscape.

The Government Procurement Plan Forum saw participation from 24 companies in bilateral meetings, leading to over 2,000 business-to-business meetings and involvement from more than 3,000 registered companies. The forum emphasized its theme, “One Vision, Multiple Opportunities,” showcasing the importance of collaboration in achieving economic goals.

Moreover, the forum reported 75% matchmaking opportunities, further enhancing interaction between suppliers from both the public and private sectors. This initiative aims to create a more digital and efficient procurement system that promotes transparency and effectiveness in government contracts.

In terms of future projects, the Government Procurement Plan Forum outlined 4,464 planned tender submissions across 15 economic sectors and 260 economic activities, in line with the International Standard Industrial Classification. This indicates a significant expansion in the scope of government projects, contributing to Qatar’s vision for economic diversification.

As Qatar continues to position itself as a leading regional hub for a knowledge-based economy, it aligns its growth with the Qatar National Vision 2030. This long-term roadmap guides the nation’s development across various sectors, ensuring sustainable progress and economic resilience.