Construction

Visa to build new Dubai-based headquarters for CEMEA region

Project will be developed by Sweid & Sweid and will be completed by June 2021

Visa, the global leader in digital payments, has announced the appointment of 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 more than 500 employees and will continue its evolution and expand its capabilities across the 96 countries currently under CEMEA’s Dubai-based command, a statement from the company 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. 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,” said Andrew Torre, Visa’s regional president for the CEMEA region.

The new headquarters will be located in a prime location at the heart of the business communities of Dubai Internet City and Dubai Media City, members of TECOM Group. The development is set to cover approximately 100,000sqft and will feature a state-of-the-art innovation hub, collaborative office spaces, outdoor terraces and integrated lobby areas.

The purpose-built project adds to Sweid & Sweid growing portfolio, a senior official of the developer 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,” explained Maher Sweid, managing partner of Sweid & Sweid.

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

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

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