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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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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)

Saudi Arabia has made history by uniting the 193 member states of the World Intellectual Property Organization (WIPO) to adopt the Riyadh Treaty on Design Law. This landmark achievement, realized after two decades of deliberation, underscores the Kingdom’s leadership in enhancing the global intellectual property system.

The announcement came at the conclusion of the Riyadh Diplomatic Conference on the Design Law Treaty, a rare event for WIPO, which has not held a diplomatic conference outside Geneva for more than a decade. It was also the first such event hosted in Saudi Arabia and the Middle East, representing the final stage of negotiations to establish an agreement aimed at simplifying and standardizing design protection procedures across member states.

Over the past two weeks, intensive discussions and negotiations among member states culminated in the adoption of the Riyadh Treaty, which commits signatory nations to a unified set of requirements for registering designs, ensuring consistent and streamlined procedures worldwide. The agreement is expected to have a significant positive impact on designers, enabling them to protect their creations more effectively and uniformly across international markets.

At a press conference held on Friday to mark the event’s conclusion, CEO of the Saudi Authority for Intellectual Property Abdulaziz Al-Suwailem highlighted the economic potential of the new protocol.

Responding to a question from Asharq Al-Awsat, Al-Suwailem noted the substantial contributions of young Saudi men and women in creative design. He explained that the agreement will enable their designs to be formally protected, allowing them to enter markets as valuable, tradable assets.

He also emphasized the symbolic importance of naming the convention the Riyadh Treaty, stating that it reflects Saudi Arabia’s growing influence as a bridge between cultures and a global center for innovative initiatives.

The treaty lays critical legal foundations to support designers and drive innovation worldwide, aligning with Saudi Arabia’s vision of promoting international collaboration in the creative industries and underscoring its leadership in building a sustainable future for innovators.

The agreement also advances global efforts to enhance creativity, protect intellectual property, and stimulate innovation on a broader scale.

This achievement further strengthens Saudi Arabia’s position as a global hub for groundbreaking initiatives, demonstrating its commitment to nurturing creativity, safeguarding designers’ rights, and driving the development of creative industries on an international scale.

The Riyadh Diplomatic Conference, held from November 11 to 22, was hosted by the Saudi Authority for Intellectual Property and attracted high-ranking officials and decision-makers from WIPO member states.