As one of the postcards for the Saudi Vision 2030, the Red Sea Project is one of the Kingdom’s greatest pushes into the international leisure tourism market. It is also a standing example of the country’s commitment to environmentalism and sustainability after years as the world’s top petrochemical producer.
Upon completion in 2030, the site will host 50 hotels offering up to 8,000 hotel rooms and approximately 1,000 residential properties across 22 islands and six inland sites.
The first phase will also include a luxury marina, an 18-hole championship golf course, entertainment and leisure facilities. As well as, an international airport that will be accessible by 80 percent of the world’s population in less than eight hours. It will serve up to one million passengers per year by 2030.
Read on to meet the 10 leaders within The Red Sea Development Company’s executive team bringing the project to life.
John Pagano, CEO
John Pagano joined the Red Sea Development as Chief Executive Officer in January 2018 and is responsible for leading the Red Sea project’s development from the ground up, to create a unique luxury and environmentally sustainable international tourism destination.
Pagano brings more than 35 years of international experience in delivering large scale development projects, previously serving as President of Baha Mar Development Company Ltd. (BDMC) based in Nassau in the Bahamas, where his main duties were acquisition, master planning, project structuring, financing and asset management. He then spent over 23 years at the world-renowned Canary Wharf development in London, holding several leading Executive positions.
Before joining TRSDC, Pagano headed his own company, Old Fort Capital Investments Ltd, offering strategic advice and services to landowners, investors and developers, with a focus on large scale real estate developments.
Nicholas King, chief development officer
Nicholas King joined the organisation as Chief Development Officer on 1st September 2020, bringing with him more than three decades of experience in successful international real estate experience.
Prior to joining TRSDC, King was principle of SunCal, one of the largest private land developers in the United States. In that role he led urban development activity, as well as having a guiding hand across all projects including land developments on both coasts ranging from 2,000 to 44,000 acres. Since joining the company in 2007, Nick had direct responsibilty for numerouss projects including, most recently, a three million square foot mixed-use development in the Arts District of Los Angeles designed by Herzog & De Meuron.
Before SunCal, King operated throughout the Asia Pacific region, developing and investing in luxury residential, integrated resorts, and complex mixed-use urban projects, both through his own business as well as in a leadership capacity for organizations such as ING Real Estate, Shell Real Estate and Hillwood Asia.
Ian Williamson, chief projects delivery officer
Ian Williamson joined the organisation as Interim Chief Development Officer in October 2017. He is responsible for leading development and delivery of the planning, design and construction of the project.
As an Executive and Board Director for over 25 years, Ian has undertaken both strategic and operational roles, developing a leadership style that enables his colleagues to reach their potential.
Earlier in his career, Williamson worked with Sainsbury’s for a decade, as a senior member of the development team, responsible for marketing, finance, store planning, and project management. He later acted as Senior Vice President between AECOM Europe and AECOM Middle East, where he directed projects on both continents for over 15 years.
Prior to joining TRSDC, Williamson served as Managing Director at Arcadis Middle East.
Eng. Ahmad G. Darwish, chief administrative officer
Eng. Ahmad G. Darwish joined the organisation as Chief of Staff in April 2018, bringing with him more than two decades of experience in project management. In December 2020, he was promoted to Chief Administrative Officer to reflect his broadened role.
Darwish is responsible for overseeing the operations of the company including establishing the company’s program management and stakeholder management, and the rapid growth of the workforce. In addition, he ensures that all departments and employees therein, share the organisational vision and objectives.
Prior to joining TRSDC, he spent 20 years working for Saudi Aramco, where he managed multiple projects for King Abdullah University of Science and Technology (KAUST), including the KAUST Research Park Infrastructure Project and the Saudi Aramco Research Center.
Dr. Maryam Ali Ficociello, chief governance officer
In her role as the Head of Governance, Risk and Compliance, Dr. Maryam Ficociello is responsible for developing effective, transparent and accountable governance practices that are compliant with both regulatory requirements and leading practices. Her leadership role expands further into identifying, assessing and managing TRSDC’s internal and external risks in order to support TRSDC, its Board, and Executive Management in executing its achieving objectives.
She has led the development of an Internal Control Framework as well as an Enterprise Risk Management and Resilience Framework and is responsible for monitoring the company’s performance against them. Furthermore, Dr. Ficociello provides substantial direction and support in ensuring that TRSDC’s business is conducted with the highest ethical standards and is also responsible for overseeing compliance monitoring and management programs across the organization.
Prior to working at TRSDC, Dr. Maryam Ali Ficociello garnered extensive experience advising and supporting various public and private entities in Real Estate Development, Hospitality, Aviation, Defense, Media, Healthcare, Education, Manufacturing and Construction. Her roles comprised of undertaking gap analyses, developing and designing governance parameters, risk management and internal control frameworks.
Raed Albasseet, chief environment and sustainablity officer
Raed joined TRSDC in 2018 and AMAALA in 2021 bringing in 19 years of industry experience in Environmental Leadership gained during his roles with renowned regional and global entities.
Raed has a passion for protecting and enhancing the environment, and TRSDC offered an unprecedented opportunity for him to be involved in the sustainable development of one of the most beautiful areas in the Kingdom of Saudi Arabia. Coming from a Marine and Environmental background, The Red Sea Project and AMAALA spoke to him on an intensely personal level.
During his tenure with the Red Sea Development Company and now AMAALA, Raed has grown a world class team of professionals whilst pioneering a bespoke environmental governance and management system designed to integrate environmentally sustainable content into our world class development agenda. Highlights include: co-leadership of Saudi Arabia’s largest marine spatial exercise, development of an integrated stakeholder engagement platform, corporate & project based development of educational outreach efforts alignment to internationally recognized global best practices (including equator principles and UN SDG’s), integration of pragmatic solutions to addressing the complexities of ecosystem services within project design, construction and operation, and integration of environmental, social & governance (ESG) commitments.
Prior to joining TRSDC and AMAALA, Raed worked as an International Environmental Policies and Regulatory Lead for Saudi Aramco. During this time, he focused on Environmental and Sustainability in Private Partnerships and Public-private environmental partnerships in addition to international environmental conventions, such as United Nations Framework Convention on Climate Change, Paris Agreement and the UN Sustainability Development Goals.
Tareq Musmali, chief internal auditor
Tareq Musmali was appointed as Chief Internal Auditor for TRSDC and AMAALA in April 2021. With over 20 years of experience in internal audit, Tareq brings a wealth of expertise to his new role.
Prior to joining AMAALA in March 2020 where he worked to establish an internal audit function, Tareq has a demonstrated history of leading professional audit and compliance services. His previous responsibilities included establishing and leading the internal audit function of Aramco Overseas Company in the Hague, the Netherlands. More recently, he was in charge of the Saudi Aramco upstream and downstream assurance activities, where he managed audit teams responsible for the development and execution of risk-based audit plans for Aramco’s owned facilities in addition to its joint ventures and subsidiaries.
Gregory Djerejian, head of legal
Tracy Lanza, head of global branding and marketing
Douglas Ludwig, CFO
What hotels are at The Red Sea Project?
At the time of writing, 12 of these 16 hotels have been announced. They are: