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

The move will increase Visa's capacity for more than 500 employees and continue to develop its capabilities in 96 countries currently under CEMEAs Dubai-based command.

Andrew Torre, Visas Regional President for the CEMEA region, commented: This is investing not only in Dubai, but also in the Central and Eastern Europe, Middle East and Africa (CMEA) region, which is the fastest growing market for Visa. The tech-savvy and innovative Dubai embodies the spirit of Visa and the future of our CEMEA region as a whole, makes it an ideal operational center for the continued introduction of innovative digital payment technology and solutions that help individuals, businesses and economies prosper.

The new Visa headquarters will occupy a prominent place in the heart of Dubai's vibrant business communities, Dubai Internet City and Dubai Media City, and members of the TECOM Group, the development is set at approximately 100,000 square feet and will feature state-of-the-art Innovation Hub, joint office spaces, outdoor terraces and integrated lobby areas will transform the way people work and interact with Fintech company.

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

Maher Sweid, Managing Partner of Sweid & Sweid explained: We have provided the highest quality programs for our multinational tenants since we started in 2006, and we look forward to contributing to the growth of Dubai's economy by facilitating the growth of leading technology companies such as Visa and creating jobs for the next generation.

Abdulla Belhoul, Chief Commercial Officer at TECOM Group, said: We continue to strive to enrich the sectors and industries that contribute to the growth and diversification of Dubai's economy. In line with this priority, Visa CEMEAs new headquarters is a welcome addition to our dynamic communities that promote innovation, and is currently home to more than 5,600 business partners around the world.
Visa's CEMEA headquarters is on track to be completed in June 2021.