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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Re: Nice Day

Omagine

about 12 years ago

in response to The Pink Panther's message

PINK PANTHER first of all, welcome to Agoracom and OMAG. I too hope that the Omani people invest in OMAG, however, the population of Oman is less than 3,000,000 people and actually less than 2,000,000, if you don't the non-nationals.The country is close in square miles to the size of Germany (about 90% the size)and Germany has a population of about 81,000,000! My point being that Oman is a sparsely populated country, and their per capita income hovers around $25,000/year.(I'm going from memory) Sooooo it appears that the bulk of the investing will come from outside of Oman, but the Sultans' involvement , both politically and finacially, will certainly help the situation-------BILL