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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Oman's economy shows strong signs of recovery

Omagine

almost 12 years ago

Sultanate reports surge in gross domestic product and rising budget surplus

Oman’s nominal gross domestic product (GDP) rose 16.2 per cent year-on-year to RO15.2bn ($39.47bn) in the first half of 2012, according to data released by the country’s National Centre for Statistics and Information.

Much of the growth was attributed to rising oil production and prices, with Oman’s oil-based GDP rising 19.9 per cent to RO7.86bn during the surveyed period.

The country’s budget surplus topped RO2.9bn in the first nine months of the year, marking an impressive 320 per cent increase on the RO906m reported in the same period of 2011.

Source: http://www.meed.com/sectors/economy/omans-economy-shows-strong-signs-of-recovery/3159320.article