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.

almost 10 years ago

in response to AltonG's message

Muscat Daily - Business

Muscat Daily staff writer

11/10/2014 7:55 pm

The US-based Omagine Inc announced that its 60 per cent owned subsidiary, Omagine LLC, signed a development agreement with the Oman government on October 2, according to a disclosure by Omagine Inc ... An artist’s impression of the Omagine Project (Source: Omagine.com) ... The long-awaited agreement for development of the US$2.5bn mixed-use tourism and real-estate project known as 'Omagine Project' in the sultanate was signed recently. ... The long-awaited agreement for development of the US$2.5bn mixed-use tourism and real-estate project known as 'Omagine Project' in the sultanate was signed recently. ... Deal signed for $2.5bn Omagine Project

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