Omagine

Company has signed a Development Agreement with the Government of the Sultanate of Oman. Omagine Owns 60%; Sultanate Owns 25%; Consolidated Contractors Owns 15%. Project to be developed on 245 acres of beach front land on Gulf of Oman. The estimated cost approximately $2.5 Billion. BNP Paribas To Lead Construction Financing Syndicate.

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IMO the DA is coming soooon!

Omagine

over 15 years ago

in response to Doha1's message

Have you ever done any business in the Middle East Doha, if you'd have you realize that these delays in no way represent a lack of interest by the government, quite the opposite they want this so bad that every government official is reviewing and giving their input each step of the way.

This is not North America where things happen even government discussions happen relatively quickly, this scale of development and commercialization is a very recent concept therefore they move very slowly but the final agreement is coming very soon.