Dubai: 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.
About Visa Inc.
VISA Inc. (NYSE: V) is the world’s leader in digital payments. The company’s mission is to connect the world through the most innovative, reliable VISA’s secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VISANet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analogue to digital, VISA is applying their brand, products, people, network and scale to reshape the future of commerce.
About Sweid & SweidFounded in 2006, Sweid & Sweid is an award-winning international real estate firm targeting niche development, investment and build-to-suit opportunities. At its core, the vision to defy market standards and redefine the development process has continued to produce exceptional results.
Sweid & Sweid prides itself on having unique capabilities to deliver International standard grade-A commercial and luxury residential products. Its projects have included a host of global tenants and operators including Banyan Tree, Oracle, SAP, GlaxoSmithKline, Snapchat, McGraw Hill and Johnson Controls among others.
About TECOM Group
TECOM Group (TECOM), a member of Dubai Holding, is a creator of thriving industry-focused business communities and an integral driver of Dubai’s knowledge and innovation economy since 1999. Through its 10 business communities operating across six non-oil sectors, it hosts over 5,600 companies with over 90,000 members including business professionals, entrepreneurs and freelancers.
As a forward-thinking economy shaper in Dubai, TECOM is actively nurturing talent, fostering entrepreneurship and enabling the growth of businesses.
The Group’s portfolio includes some of the most successful business communities in the region, namely: Dubai Internet City, Dubai Media City, Dubai Knowledge Park, Dubai Design District, Dubai Industrial City, Dubai Outsource City, Dubai International Academic City, Dubai Studio City, Dubai Production City and Dubai Science Park.
TECOM has also founded the startup platform in5, which currently boasts over 200 active startups.
TECOM acts as a catalyst for long-term sustainable growth and innovation by linking businesses, startups, and universities together, and enabling them to share knowledge, collaborate and grow.
For additional information, please visit www.tecomgroup.ae
For further information, please contact:
Orkhan Salamov (Marketing Manager)
T +971 4 375 7265
M +971 50 276 5353
Office 101, The Edge, Dubai Internet City, P. O. Box 500516, Dubai, UAE
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