EXCLUSIVE- King Salman Park CEO exits amid leadership shakeup, sources say

Riyadh’s largest urban development is undergoing a leadership change at the top. CEO of King Salman Park Foundation George Tanasijevich (Linkedin) is departing the organization, people familiar with the matter tell EnterpriseAM.

Who’s the replacement? Chief Development Officer Dale Chadwick has been named as the incoming CEO, our sources say. Chadwick joined the foundation in 2022, having previously served as executive project officer at Macetpm, as well as vice president for Asia at Venetian Cotai Limited, where he oversaw design and construction on integrated resorts, including Marina Bay Sands and the Venetian Macau.

The leadership change comes as Saudi’s gigaproject ecosystem shifts focus toward assets that can generate direct commercial returns, rather than purely quality-of-life infrastructure. State-linked developers have increasingly prioritized mixed-use and hospitality components with clearer revenue models as fiscal pressure builds on the Kingdom’s project pipeline.

King Salman Park is one of the largest urban park developments globally, spanning more than 17 mn sqm in Riyadh.