Business & Money | Tuesday 22 October, 2019 5:09 am |

Visa, the global leader in digital payments, has appointed international property developer Sweid & Sweid to build its new Dubai headquarters for the Central and Eastern Europe, Middle East and Africa (CEMEA) region.

 

The move will increase Visa’s capacity to over 500 employees and continue to evolve and expand its capabilities across the 96 countries currently under CEMEA’s Dubai-based command. 

 

Andrew Torre, Visa’s Regional President for the CEMEA region, commented on the move, “This is not only an investment in Dubai but in the Central and Eastern Europe, Middle East and Africa (CEMEA) region, which is a rapidly-growing market for Visa. Tech-savvy and innovative, Dubai embodies the spirit of Visa and the future of our CEMEA region as a whole, making it the ideal centre of operations for us to continue to introduce innovative digital payment technology and solutions to help individuals, businesses and economies thrive.”

 

The new Visa HQ will enjoy a prime location at the heart of Dubai’s vibrant business communities Dubai Internet City and Dubai Media City, members of TECOM Group, the development is set to cover approximately 100,000 square feet and will feature a state-of-the-art Innovation Hub, collaborative office spaces, outdoor terraces and integrated lobby areas that will transform the way people work and interact with the fintech company.

 

The purpose-built project adds to Sweid & Sweid growing portfolio of iconic developments.

 

“Since our inception in 2006 we have delivered the highest quality projects for our multinational tenants, and look forward to contributing to the development of Dubai’s economy by facilitating the growth of leading technology companies such as Visa and creating jobs for the next generation,” explained Maher Sweid, Managing Partner of Sweid & Sweid. 

 

Abdulla Belhoul, Chief Commercial Officer at TECOM Group, said: “We continuously strive to enable thriving sectors and industries that contribute to the growth and diversification of Dubai’s economy. In line with this priority, Visa CEMEA’s new headquarters is a welcome addition to our dynamic communities that promote innovation and are currently home to more than 5,600 business partners from around the globe.”

 

Visa’s CEMEA HQ is on track for completion in June 2021.