CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Waseef renews In-Country Value certificate, raises classification score to 68.79%

Published: 22 Apr 2025 - 10:06 am | Last Updated: 22 Apr 2025 - 10:08 am

The Peninsula

Doha, Qatar: Al Waseef Asset Management, is one of the leading fully integrated Property and Facility Management services companies in Qatar that offers a “one stop shop” and full service solution to its clients, has successfully renewed its In-Country Value (ICV) Certification, granted by the National Program for Localization (Tawteen)., granted by the national “Tawteen” program to companies whose operations contribute to the growth of the national economy.

The renewal was secured after fulfilling all requirements and standards set by Ernst & Young (E&Y), one of the world’s largest professional services firms and an independent certification body accredited by the Tawteen program.

In the process of renewing its ICV certification, Waseef significantly improved its classification score—from 36.57% in 2023 to an impressive 68.79%.This advancement was based on data from the ICV suppliers’ database and calculated through rigorous methodologies that consider the services and incentives provided by Waseef. This achievement reflects the company’s strong commitment to delivering modern real estate solutions in asset and facilities management, along with distinguished maintenance services, while adopting the highest global standards and best practices in the industry.

This milestone underscores Waseef’s contribution to nationalization and sustainability goals and reflects its ongoing efforts to strengthen its leadership position by delivering high-quality services to all clients. It also supports the company’s strategy to generate added value within the real estate sector.

This accomplishment represents a significant step in promoting transparency and institutional excellence and adds to Waseef’s track record in managing, operating, and maintaining all types of real estate assets. It aligns with the company’s strategy to support the country’s economic growth and contribute to the advancement and development of the real estate sector, in line with the Qatar National Vision 2030.

The Services of Waseef plays a crucial role in achieving these standards, with a dedicated professional team that performs daily inspections and scheduled maintenance for mechanical and electrical systems across all managed properties. The department also oversees essential services including security, cleaning, pest control, and the upkeep of green spaces, ensuring operational excellence in both public and private sector projects.

This milestone strengthens Waseef’s position as a leader in the industry and reaffirms its commitment to client satisfaction, sustainable growth, and national development.