FaceOf: John Pagano, CEO of the Red Sea Development Co.

FaceOf: John Pagano, CEO of the Red Sea Development Co.
John Pagano
Updated 24 January 2019

FaceOf: John Pagano, CEO of the Red Sea Development Co.

FaceOf: John Pagano, CEO of the Red Sea Development Co.
  • Pagano has more than 35 years’ international experience in the commercial property industry in Europe, North America and the Caribbean
  • He holds a bachelor’s degree in mechanical engineering from the University of Toronto, Canada

John Pagano has been CEO of the Red Sea Development Co. (TRSDC), one of three megaprojects aimed at diversifying the Saudi economy in line with Vision 2030, since January 2018. 

The Red Sea development announced in July 2017 is one of the world’s most ambitious luxury tourism and hospitality projects. 

Pagano has more than 35 years’ international experience in the commercial property industry in Europe, North America and the Caribbean. 

Before joining TRSDC, he headed his own company, Old Fort Capital Investments, based in London. The firm offered strategic advice and services to landowners, investors and developers with a focus on large real estate developments.

Previously, he held leading positions at the Canary Wharf development in London, where he worked from 1988 to 2005 and 2011 to 2015.

Pagano was also president of the Baha Mar Development Company, based in the Bahamas, for four years.

He holds a bachelor’s degree in mechanical engineering from the University of Toronto, Canada.

TRSDC recently received final approval from its board for a master plan drawn up in partnership with global design firm WATG and engineering giant BuroHappold.

“With the master plan approved, we are now identifying investors and partners who are interested in working with us on realizing the objectives of the project and who share our commitment to enhance, not exploit, the natural ecosystems that make the destination so unique,” Pagano said.


Visit to Uzbekistan by high-level Saudi delegation starts

Visit to Uzbekistan by high-level Saudi delegation starts
Updated 23 January 2021

Visit to Uzbekistan by high-level Saudi delegation starts

Visit to Uzbekistan by high-level Saudi delegation starts
  • Aim is to enhance bilateral relations
  • A number of joint projects will be launched during the trip

RIYADH: A high-level Saudi delegation begin an official visit to Uzbekistan on Saturday, with the aim of strengthening bilateral relations, the Saudi Press Agency (SPA) reported on Friday.
The delegation, led by Minister of Investment Khalid Al-Falih, will include officials from a large number of government agencies, in addition to representatives from the private sector and senior Saudi businessmen.
The agenda for the visit includes the unveiling of a number of joint projects, the signing of a memorandum of understanding, and the launch of renewable-energy projects led by Saudi companies, as well as meetings between officials and businessmen from both countries.
Uzbekistan’s “business environment is witnessing an increase in investment opportunities in the fields of energy, food industries, building materials, mining, electronics, information technology, agriculture and others,” according to the SPA report.