Visa is reorganizing its Middle East operations, creating two separate regional hubs.
The company establishes a regional headquarters in Riyadh. This office will oversee business in Saudi Arabia, Bahrain, and Oman.
The Dubai office will manage operations for the UAE, Kuwait, and Qatar.
Both regions fall under Visa's Central and Eastern Europe, Middle East, and Africa division.
This restructuring directly responds to a Saudi Arabian policy. The policy requires companies to locate regional headquarters in the country to qualify for government contracts.
Visa positions itself to comply with the kingdom's regulations. This ensures the company can compete for government-related business in one of the region's largest economies.