Saudi Arabia’s ultra-luxury destination project, Amaala, appointed John Pagano as the new chief executive officer (CEO) as it enters the development stage.
Pagano will replace existing CEO Nicholas Naples, the company said in a statement.
The move is part of Amaala’s growth plans, Pagano said, noting that Naples will continue to contribute to the company’s development as an adviser.
Commenting on the new role, Pagano said: “We are very grateful to Nicholas Naples for his strong leadership in driving the development of Amaala over the past three years. His departure is part of the evolution of Amaala and he will continue to be part of the destination's development in the capacity of Senior Advisor to AMAALA. The two projects are complementary in nature and are firmly committed to delivering on Saudi Arabia’s luxury tourism ambition as well as protection of the country’s natural environment."
Meanwhile, Pagano will also retain his position as the CEO of the Red Sea Development Co., the statement added.
In September 2018, the Public Investment Fund (PIF) launched Amaala, an ultra-luxury destination on the north-western coast of Saudi Arabia. Naples was appointed as the project’s CEO, according to data compiled by Argaam.
