Sustainability Report 2024 | National Corporation for Tourism & Hotels

NCT&H Sustainability Report 2024 22 Supporting Local Suppliers We encourage our procurement team to incorporate a minimum of 20% of local supplies in their products and services. Local products are given higher priority in terms of supplier selection. Suppliers with high National In- Country Value (ICV) scores are prioritized in awarding the business thereby participating in promoting local vendors and entrepreneurs. The approval of a supplier is based on one or a combination of multiple criteria including past experience, certifications, credibility, reputation, HSEQ compliance, internal evaluations, and possible effects to sustainability. The National (ICV) Program is a UAE government program that aims to enhance economic performance and support local industries by focusing higher portions of public spending on the national economy. This is to promote local companies and quality of local products, increase demand for local products and services and eventually contribute to the growth of national GDP. In 2024, 38.5% of the Catering suppliers are ICV certified, which increased by 4.5% from the previous year. While NCT&H is also an ICV certified company, Catering has a percentage split on sourcing in value of 39% for local products of major suppliers in the region and 61% for other products, thereby showing our commitment to support the UAE economy. Corporation Overview | Economic Responsibility | Environmental Duty | Life at NCT&H