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Mon 21 Oct 2019 02:07 PM

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Global fintech giant Visa to open regional HQ in Dubai in 2021

Digital payments firm says it has appointed Sweid & Sweid to build its new Dubai headquarters

Global fintech giant Visa to open regional HQ in Dubai in 2021

The new Visa HQ will be built at the heart of Dubai Internet City and Dubai Media City and is set to cover 100,000 square feet.

Visa, the global digital payments firm, has appointed international property developer Sweid & Sweid to build its new Dubai headquarters.

The building to cater for operations in the company's Central and Eastern Europe, Middle East and Africa (CEMEA) region will increase capacity to over 500 employees, a statement said.

The HQ project is on track for completion in June 2021.

Andrew Torre, Visa’s regional president for the CEMEA region, said: “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.”

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The new Visa HQ will be built at the heart of Dubai Internet City and Dubai Media City and is set to cover 100,000 square feet.

It will feature an 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 statement said.

“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,” said Maher Sweid, managing partner of Sweid & Sweid.

Abdulla Belhoul, chief commercial officer at TECOM Group, added: “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.”

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