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: FOOTPRINTS IN THE OMANI SAND

Omagine

almost 10 years ago

in response to bill4810's message

Bill - I believe the answer is yes to both questions. Yes, he's "giving" us one million square meters (245 acres) and yes, after the dredging for the canal, still one million square. Think of it as just moving some of the land from point A to point B.