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: Curious

Omagine

about 10 years ago

in response to qwerty1029's message

I have no idea but it would make sense that owning the land would speed the project to some degree. That said the govt (Sultan) is basically a partner which one would think could speed things up. Either way Omagine has been dragging on for nearly a decade!! Thats simply inexcusable. Period