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 lebnjb@ameri's message

Yes we're joking. That is the whole reason behind this massive project. The Sultan is trying to get away from the ties to the oil market for the countries economy. He seems to be savvy about the direction he his taking it. This is of course different from what we're doing here.

I think if the World Economy had not gone the direction it did. WOW,what can I say. We would have probably already had a place to keep the rain off.

It's a beautiful country that needs this project to increase Tourism another 10%.

IT WILL.