Saudi Arabia: John Pagano appointed managing director of AlUla
Development Co.
AlUla Development
Co., a Public Investment Fund
(PIF) company, has appointed John
Pagano as managing director, tasking him with leading the organization into
its next stage of growth and furthering its mission to develop world-class
assets that protect and celebrate AlUla’s natural and cultural heritage.
Pagano brings decades of experience in
large-scale destination development and regenerative tourism. He currently serves
as group CEO of Red Sea Global,
overseeing major developments such as The Red Sea and Amaala, and is also
managing director and a board member of the King
Abdullah Financial District. AlUla Development Co., Red Sea Global, and the
King Abdullah Financial District are all separate portfolio companies of PIF.
Read More John
Pagano: The charismatic CEO behind rise of Saudi Arabia’s Red Sea Global
He succeeds Fabien Toscano, who guided the
company through its formative years, securing landmark partnerships and
building a strong pipeline of hospitality and residential projects that have
helped position AlUla as a global destination.
The company expressed its appreciation to
Toscano for his leadership during the foundational phase. Pagano’s appointment
follows board approval and a structured leadership transition.
In
his new role, Pagano will draw on his extensive expertise in destination
development to ensure continuity and reinforce AlUla Development Co.’s role in
advancing AlUla as a premier place to visit, live, and invest in.
Source: Arab News
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