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.

Home Videos Research Press Release Q&A Discussion

Threads Posts

Re: Nadeem A'Sabaa

Omagine

almost 12 years ago

in response to AMars's message

Let's look at the math: project is 400,000 square meters ( meter is 39. inches ) I rounded down to 3 feet came up with 1,200,000 square feet devide by 44,000 square feet to an acre comes to 27 acres . We are at 280 acres. This project is about one tenth the size of ours. Even with the rounding down add a few more acres. Am I on target here or am I missing something? I'm not even sure of the relevance of my post. Anyone finds this useful, let me know . Thanks , Al Federici