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

In a significant development for Qatar’s economic landscape, the number of companies obtaining In-Country Value (ICV) certificates reached 3,484 in 2025, marking a remarkable increase of 33% from 2,620 in the previous year. This surge reflects the effectiveness of government initiatives aimed at promoting local economic contributions.

Growth in Local Business Engagement

The announcement coincided with the Government Procurement Plan Forum, held from October 20 to 22, 2025. The forum attracted over 2,000 entrepreneurs, investors, and business owners, solidifying its role as a vital platform for fostering partnerships between public and private sectors.

According to the Ministry of Finance, the positive statistics highlighted during the forum showcase the event’s impact on enhancing the business environment. The ICV certificates serve as a critical measurement tool during the tender awarding process, emphasizing the importance of local content in government projects.

These certificates are essential for companies looking to engage with government contracts. They not only validate a company’s contribution to the local economy but also provide a framework that encourages foreign investors to establish businesses in Qatar.

Empowering Small and Medium Enterprises

This year, micro, small, and medium-sized enterprises (MSMEs) saw noticeable growth in participation rates, application submissions, and selection rates. This trend indicates a thriving ecosystem for smaller businesses in the region, leveraging government support to enhance their market presence.

The forum also facilitated more than 3,000 registered companies and conducted over 2,000 business-to-business meetings. With a focus on enhancing efficiency and transparency, the event featured a significant percentage of matchmaking opportunities—75%—demonstrating the government’s commitment to a digital and efficient procurement system.

Planned tender submissions for the 2026 cycle reached 4,464, spanning 15 economic sectors and 260 activities, according to the International Standard Industrial Classification. This expansion signifies a robust governmental strategy to diversify and grow its economic base.

Qatar continues to align its economic initiatives with the Qatar National Vision 2030, a long-term development roadmap focused on establishing the country as a leading regional hub for a knowledge-based economy. The recent growth in ICV certificates exemplifies the progress being made in achieving these ambitious goals.