VEON Relocates HQ to Dubai
VEON, a leading global telecom operator, and parent company of Jazz, Pakistan’s top digital operator, has announced that its Board of Directors has approved relocating its headquarters from Amsterdam to Dubai, United Arab Emirates. The shift to the Dubai International Financial Centre (DIFC) strengthens VEON’s strategic operations and marks a significant milestone for the company. With this move, VEON becomes the largest Nasdaq-listed company to have its group headquarters in Dubai, home to Nasdaq Dubai.
Dubai: A Hub for Innovation and Talent
This relocation is a strategic step to align VEON’s headquarters with its key operational markets and capitalize on Dubai’s growing role as a global technology hub. According to Kaan Terzioglu, Group CEO of VEON, this move offers increased proximity to their core markets, access to world-class talent, and a stronger connection with Gulf investors. The decision was announced alongside the launch of GITEX Global 2024, a leading technology event, highlighting Dubai’s thriving business landscape.
Impact on Jazz’s Growth
Aamir Ibrahim, CEO of Jazz, views this move as a significant opportunity for Jazz to expand its digital and enterprise services in Pakistan. By leveraging Dubai’s role as an innovation hub, Jazz aims to accelerate its journey in connectivity, fintech, cloud, cybersecurity, and digital inclusion. This strategic shift enhances Jazz’s ability to deliver cutting-edge digital solutions to over 75 million subscribers in Pakistan, including its growing base of 4G users.
Jazz’s Role in Driving Digital Transformation
Jazz continues to play a key role in digital transformation across Pakistan with its innovative services such as JazzCash, Tamasha, Garaj, and SIMOSA. These digital verticals are leading in local fintech, entertainment, cloud & cybersecurity, and self-care sectors, further solidifying Jazz’s contribution to VEON’s vision of empowering societies through enhanced connectivity. This relocation to Dubai will help Jazz strengthen partnerships, attract talent, and drive digital inclusion across the region.
