It was never intended to be just the Red Sea. “The Red Sea Development Company is not a project company. While the Red Sea Project is its current flagship, Pagano’s didn’t get involved just to execute a single project, but rather create a regional real-estate giant. The former director of London’s Canary Wharf, who saw the London development project from its inception in the Margaret Thatcher era and spent 23 years with the group, was already retired when he was approached to lead TRSDC.
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