AlUla Development appoints John Pagano as Managing Director

AlUla Development Co. (UDC), a Public Investment Fund company, appointed John Pagano as Managing Director, according to a statement to Tadawul.

Pagano assumes charge from Fabien Toscano, who successfully led UDC through its early growth phase. Under his leadership, UDC signed several landmark agreements with global partners and strengthened a pipeline of hospitality and residential developments that position AlUla as a world-class destination.

Pagano brings decades of experience in large-scale destination development and regenerative tourism, to ensure business continuity and enhance UDC’s role in driving AlUla’s transformation into a leading destination for visitors, residents and investors.

Pagano holds ongoing leadership role as Group CEO of Red Sea Global, and Managing Director and board member of King Abdullah Financial District (KAFD).