Red Sea Global continues to upskill Saudi talent in line with Vision 2030  

RSG’s CEO John Pagano speaking at the Real Estate Future Forum. Screenshot
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Updated 22 January 2024
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Red Sea Global continues to upskill Saudi talent in line with Vision 2030  

RIYADH: In line with Vision 2030, Red Sea Global is making significant strides in training and upskilling young Saudis to tap into the opportunities this initiative presents.   

During the Real Estate Future Forum held in Riyadh, RSG’s CEO John Pagano emphasized the company’s commitment to developing local talent as a cornerstone of their contribution to the national vision.  

“We are spending an enormous amount of effort on training and upskilling young Saudis to benefit from the opportunities that Vision 2030 is creating,” he said.   

This focus extends beyond higher education, targeting jobs across the spectrum in the tourism sector.  

A significant effort in this direction is RSG’s vocational program, conducted in partnership with the Human Resources Development Fund.   

The program has already yielded results. “We graduated our first 480 students in the summer, and all 480 found jobs at Red Sea Global,” Pagano shared.   

These graduates have been employed across various hospitality partners, including airport services, engineering, and renewable energy sectors.  

Highlighting the company’s broader employment goals the CEO stated: “Ultimately, between Red Sea and AMAALA alone, we are going to create 120,000 jobs, 60,000 direct and 60,000 indirect.”   

Moreover, the company also runs an elite graduate training program which saw 70 graduates chosen from 60,000 applications.   

Pagano further stressed the importance of nurturing young talent as he foresees that one of these individuals will eventually lead the business forward.  

In addition to its human resource initiatives, RSG is also committed to sustainable development.   

The CEO mentioned that the company has taken the approach of developing 22 out of 90 islands, leaving 75 percent untouched, and limiting visitor numbers to maintain ecological balance.   

“This is all part of respecting our ecological ceiling and not stressing this valuable environment so that future generations can enjoy,” he explained.   

This approach aligns with the company’s goal to enhance the net conservation value of its destinations by 30 percent in the next decade, demonstrating a commitment to regenerative tourism.  

Pagano stated that the company’s sustainability efforts have been evident as it built the biggest tourism destination powered by renewable energy.  

“We have installed 760,000 solar panels to power the destination. We are completely off gird, meaning we do not connect to the national grid, and we have the largest battery storage system in the world to date,” the CEO added.  


Talks underway with Saudi Arabia on higher oil flows: Pakistani oil minister 

Updated 8 sec ago
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Talks underway with Saudi Arabia on higher oil flows: Pakistani oil minister 

RIYADH: Pakistan is in talks with Saudi Arabia to increase the flow of petroleum products to the country in order to serve shared economic interests and secure Islamabad’s growing energy needs, Pakistani Oil Minister Ali Pervaiz told Al-Eqtisadiah. 

Pervaiz said that Pakistan, as a net energy importer with a bill ranging between $15 billion and $20 billion, seeks to strengthen its strategic partnership with Saudi Arabia in the energy and mining sectors and looks forward to benefiting from the Kingdom’s vast hydrocarbon potential. 

Speaking on the sidelines of his participation in the Future Minerals Forum hosted in Riyadh, the minister said the timing of the event is ideal given the pivotal stage the world is going through and the rising demand for vital minerals amid ongoing technological development.  

He noted that the conference represents a vital platform for discussing opportunities to establish new mines and mobilize the capital needed to operate them, particularly as production from existing mines declines and price volatility increases due to global conflicts, making international cooperation an urgent necessity for the stability of this vital sector. 

Regarding bilateral relations, Pervaiz stressed that ties between Riyadh and Islamabad have reached unprecedented levels of strength and depth, citing the numerous meetings between Prime Minister Shehbaz Sharif and Crown Prince Mohammed bin Salman, which he said have exceeded 12 since Sharif took office three years ago. 

He added that there is a clear governmental mandate for working groups in both countries to build a comprehensive framework for economic cooperation, with a particular focus on the mining sector, which he described as one of the main pillars of future projects currently under review. 

The minister said Pakistan is expecting to host a high-level Saudi delegation at the Pakistan Minerals Investment Forum 2026, scheduled for April, noting that the event is expected to see the signing of several agreements and memoranda of understanding aimed at advancing cooperation in geological studies and mining sector development.  

He added that work is underway with the Saudi side to implement tangible projects on the ground, strengthening the existing partnership, which spans multiple areas, including ongoing defense cooperation, further consolidating the two countries’ position as strategic partners in the region.