June 18 (Reuters) - The head of Red Sea Global said he would assess how to rescue the troubled Sindalah Island resort after confirming for the first time that the luxury development would be transferred to his company, as Saudi Arabia moves to salvage one of the most visible stumbles of its Vision 2030 transformation plan.

"It hasn't officially been handed over but it will, and when it does we will then assume responsibility for it, we'll assess how to complete it and bring it back to life," John Pagano told Reuters on the sidelines of a Saudi business conference in Rome.