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.

almost 15 years ago

Head news

No plans to postpone projects to next development plan: Macki
By Mohammed al Shizawi
MUSCAT — Ahmed bin Abdulnabi Macki, Minister of National Economy and Deputy Chairman of the Financial Affairs and Energy Resources Council, has said that the government will not postpone any of the development projects scheduled in the current Five Year Plan. Macki told Oman, Arabic sister daily of the Observer, that despite the exceptional conditions entailed by the global financial crisis and the slump in oil prices, there are no plans to postpone scheduled projects in the current plan, which ends next year, to the 8th Five Year Plan.

In an exclusive interview published in today’s Oman Business Supplement, Macki confirmed that the government sticks to the goals of the Oman Economic Vision 2020. He pointed out that the Sultanate made steady progress in its economic diversification policies, with work in full swing now in many development projects.