Luxury property developer Red Sea Global is transforming a corner of Saudi Arabia into an incredible , sustainable tourism destination . We speak to the CEO John Pagano about making ambitious dreams come true
RED SEA GLOBAL
Building on nature and sustainable tourism in Saudi Arabia
Luxury property developer Red Sea Global is transforming a corner of Saudi Arabia into an incredible , sustainable tourism destination . We speak to the CEO John Pagano about making ambitious dreams come true
There is a new focal point for luxury tourism emerging in the Middle East . While the UAE ’ s glittering cities of Dubai and Abu Dhabi have been transformed beyond recognition in the past 25 years , Saudi Arabia is now tapping into this lucrative audience via property developer Red Sea Global .
As the name suggests , these developments hug the stunning Red Sea coast that the Kingdom is blessed with , while the recent rebrand from Red Sea Development Company to Red Sea Global is a sign of its long-term intentions .
For now , the focus is on two signature projects – projects that are already well on the way to completion , not just a fantasy sitting on some architect ’ s drawing board . No less than three hotels – including St Regis , Ritz-Carlton and Six Senses no less – will be welcoming their first guests this year , serviced by a new , dedicated airport . Another 13 hotels will be opening in 2024 .
The terrain being developed by Red Sea Global – and indeed the other megaprojects backed by the Kingdom ’ s sovereign wealth fund Public Investment Fund ( PIF ) – is the ultimate blank canvas , which carries as many challenges as it does benefits . Not least , the need to not only preserve but actually enhance the natural habitat .
The CEO overseeing this once-in-alifetime opportunity is John Pagano , who will need to draw on every ounce of his near 40-year international career to make this dream a realty reality . He shares his vision , and that of Red Sea Global , exclusively with Business Chief .
Q | In your own words , how would you describe Red Sea Global ? A | Red Sea Global is a world leader in responsible property development and regenerative tourism . We are creating two of the most spectacular luxury tourism destinations on the planet , The Red Sea
24 March 2023