The Times of India

Explained: Visas dual-hub strategy in Dubai and Riyadh as Saudi Arabia tightens the rules

Global payments giant Visa is restructuring its Middle East operations, creating dual hubs in Dubai and Riyadh. This strategic shift acknowledges Saudi Arabia's new 'regional headquarters' policy, which mandates local HQs for government contracts. The move reflects intensifying competition among Gulf states for foreign investment and economic influence, with Riyadh emerging as a significant corporate center.