TRSDC acquired Saudi tourism project AMAALA in 2021. It announced in January 2022 that it had closed its $3.8 billion green loan, a Riyal-denominated green financing credit facility. Both TRSDC and AMAALA aim to be 100% powered by renewable energy when completed. Pagano previously led the Baha Mar Development Company and Canary Wharf development in London. He is also a founder of Old Fort Capital Investments.