King Salman Park Foundation CEO exiting

Riyadh’s largest urban development is getting a leadership shuffle. King Salman Park Foundation CEO George Tanasijevich (Linkedin) is leaving the organization, people familiar with the matter tell EnterpriseAM. Chief Development Officer Dale Chadwick has been named incoming CEO, our sources say. Chadwick joined the foundation in 2022, having previously overseen design and construction on integrated resorts including Marina Bay Sands and the Venetian Macau as VP for Asia at Venetian Cotai Limited.

The change comes as Saudi’s gigaproject ecosystem shifts focus toward assets with 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.