The AMAALA Board of Directors has confirmed that the chief executive officer of The Red Sea Development Company, John Pagano, will take over as the CEO of AMAALA – Saudi Arabia’s 3,800km2 ultra-luxury gigaproject located along Saudi Arabia’s north-western coast led by the Crown Prince HRH Mohammed bin Salman bin Abdulaziz Al Saud's sovereign Public Investment Fund (PIF). CEO Nicholas Naples has departed AMAALA as part of the evolution of the destination, as AMAALA moves next phase of construction. Naples was instrumental in driving the early phase of the project, establishing a team of 420 strong professionals and experts, all dedicated to bringing the destination’s blueprint to life. John Pagano will become CEO of AMAALA whilst also continuing as CEO of The Red Sea Development Company — the developer of the kingdom’s 28,000km2 The Red Sea Project, one of the world’s most ambitious tourism initiatives. Pagano, an industry veteran, brings 38 years’ experience in delivering large-scale, multi-billion-dollar investments and will enable the complementary visions of both projects to be realised. Taking over the mantle of the CEO starting January 2021, John Pagano, said: “We are very grateful to Nicholas for his strong leadership in bringing AMAALA to life and driving its development...read more...
Source"MEP Middle East"