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Red Sea Global CEO: We Look Forward to Implementing Int’l Projects

Part of the giant Red Sea tourism project in western Saudi Arabia, and in the framework, John Pagano, CEO of Red Sea Global (Asharq Al-Awsat)
Part of the giant Red Sea tourism project in western Saudi Arabia, and in the framework, John Pagano, CEO of Red Sea Global (Asharq Al-Awsat)
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Red Sea Global CEO: We Look Forward to Implementing Int’l Projects

Part of the giant Red Sea tourism project in western Saudi Arabia, and in the framework, John Pagano, CEO of Red Sea Global (Asharq Al-Awsat)
Part of the giant Red Sea tourism project in western Saudi Arabia, and in the framework, John Pagano, CEO of Red Sea Global (Asharq Al-Awsat)

The Red Sea Development Co. CEO John Pagano has affirmed that his company has the capabilities and ambition needed to implement its vision on a global scale. He revealed that the new company’s strategy focuses on developments in Saudi Arabia and plans for projects in Europe and North America.

Over the past five years, the company’s strategy has concentrated on leading the narrative transition toward regenerative development to make the planet and people’s lives better, Pagano explained.

“Currently, we focus on tourism, hospitality, and housing. Still, nothing prevents us from taking on commercial development because we already have all the required skill sets and have built a large team of more than 2000 employees,” Pagano told Asharq Al-Awsat.

“We cover all the skills required to deliver real estate projects, whatever the asset class,” he affirmed, adding that his company intends to become a national pride and champion for Saudi Arabia.

Regarding projects outside Saudi Arabia, Pagano said: “We will look abroad. Our focus will always remain on Saudi Arabia and the Red Sea and Amaala projects, which receive 100% of our interest, but we are also looking to the future.”

“We want to make a difference and help revive the world,” Pagano asserted about the company’s approach on pushing the boundaries of development and doing things differently.

Taking pride in the support received from the Saudi leadership, government and people, Pagano said that this support had given the company a solid platform to implement its unique ideas.

When asked about the Red Sea and Amaala projects, Pagano said: “Both projects are under construction, and we will open the first three resorts next year in late spring.”

The resorts set to open are St. Regis and the Ritz Carlton Reserve and Six Senses.

“We will also open 21 resorts and 13 more resorts in the Red Sea and Amaala by the end of 2024,” revealed Pagano.

“There is a massive boost in the volume of hospitality. We focus on providing entertainment and will put Saudi Arabia on the global tourism map, a crucial aspect of Vision 2030,” he noted.

“We will create thousands of new jobs, many of which will go to Saudi youth eager to be part of this vision,” added Pagano.

Pagano stressed that the company is working to optimally implement the concept of sustainability through innovative development.

The Red Sea Development Co. has recently rebranded itself to “Red Sea Global.”

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FAO Aims for Key Outcomes at COP16 in Saudi Arabia

Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
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FAO Aims for Key Outcomes at COP16 in Saudi Arabia

Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)

Dr. Abdul Hakim Elwaer, Assistant Director-General of the Food and Agriculture Organization (FAO), stated that the organization will take an active role at COP16, the UN conference on combating desertification, scheduled to take place in Saudi Arabia in early December.

In remarks to Asharq Al-Awsat, he expressed confidence that the conference—the first of its kind in the Middle East—would produce significant outcomes.

Elwaer’s comments came during a roundtable organized by FAO’s regional office in Cairo, attended by a select group of media representatives. The session focused on FAO’s participation in the upcoming conference and the importance of the Rio Trio —the integrated framework of the three major UN conventions addressing climate change, biodiversity conservation, and desertification.

Fida Haddad, FAO’s Program Officer for Land Rehabilitation and Climate Change, highlighted the interconnectedness of the three conventions and noted that COP16 would place a strong emphasis on land and water rehabilitation and their sustainable management.

Haddad pointed out that approximately 90% of the Middle East is affected by arid conditions. Despite this, local communities and Arab governments have made notable progress in addressing desertification and drought. She also announced that, for the first time, FAO has successfully placed food systems on the COP16 agenda, enabling discussions on how land rehabilitation can enhance food supply chains and systems.

Elwaer underscored FAO’s central role in achieving the second Sustainable Development Goal (SDG): eradicating hunger. He emphasized that FAO actively engages in the UN conventions on climate change, biodiversity, and desertification, which collectively contribute to this mission.

FAO’s focus, according to Elwaer, is on transforming food and agricultural systems to become more inclusive, efficient, and sustainable, aiming for better production, nutrition, and livelihoods. He highlighted the organization’s success in integrating these priorities into the agendas of the three conventions and collaborating with host countries on joint initiatives.

He further noted that Saudi Arabia’s hosting of COP16 is particularly significant for the region, which faces pressing challenges such as water scarcity, desertification, and food insecurity. The conference presents an opportunity for Middle Eastern nations to highlight these issues, explore solutions, and ensure their inclusion in global environmental discussions, not only at this event but in future COP sessions, he underlined.

Elwaer emphasized the growing global attention on desertification, as it is now impacting regions previously unaffected, such as southern Europe and parts of Latin America. These areas are witnessing alarming declines in arable land and forests, prompting them to seek lessons from the Arab world, which has developed resilience strategies to combat desertification over centuries.

FAO will have a strong presence at COP16, with two dedicated pavilions—one in the Blue Zone for official delegations and another in the Green Zone to engage civil society and conference participants, he said.

He added that in collaboration with Saudi Arabia and the UN, FAO will lead coordination on Food Day and Governance Day, scheduled for December 5 and 6, respectively. The organization will also participate in other specialized sessions throughout the conference.