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.

Home Videos Research Press Release Q&A Discussion

Threads Posts

Re: Sultan Back in Oman

Omagine

over 9 years ago

Sultan Back in Oman

Omagine

over 9 years ago

Since it has been brought up as a concern on here in the past, I thought I would mention it. The couple articles I read say the country is rejoicing in his return, although I have no idea if they would say if they weren't. The article below discusses the effect his return had on their stock market. It ends with the following:

"New economic decisions may be taken now that HM is back in the country. New projects, which might have been awaiting approval, may be implemented," he said.

http://www.timesofoman.com/News/49359/Article-Oman-stock-market-The-return-of-His-Majesty-effect