AlUla Improvement Firm appoints John Pagano as managing director

Saudi Gazette report ALULA — AlUla Improvement Firm (UDC), a Public Funding Fund (PIF) firm, has appointed John Pagano as Managing Director, tasking him with main the following section of the corporate’s progress and advancing its mission to develop high-quality belongings that protect and rejoice AlUla’s pure and cultural heritage. Pagano brings many years of expertise in large-scale vacation spot growth and regenerative tourism. He at present serves as Group CEO of Crimson Sea World, the corporate behind landmark luxurious regenerative tourism locations equivalent to The Crimson Sea and AMAALA. He additionally holds management roles as Managing Director and Board Member of King Abdullah Monetary District (KAFD). UDC, Crimson Sea World, and KAFD are separate portfolio firms below the Public Funding Fund. Constructing on a robust basis Pagano succeeds Fabien Toscano, who led UDC via its formative progress section. Throughout Toscano’s tenure, the corporate secured a number of landmark agreements with international companions and constructed a robust pipeline of hospitality and residential developments geared toward positioning AlUla as a world-class vacation spot. UDC thanked Toscano for his management throughout the firm’s foundational interval, noting that the transition follows board approval and a structured management handover. Driving AlUla’s subsequent chapter In his new position, Pagano will apply his destination-development experience to make sure continuity whereas strengthening UDC’s position in shaping AlUla as a spot to go to, reside, and make investments. His appointment displays a continued concentrate on long-term, sustainable growth aligned with AlUla’s cultural and environmental significance.

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