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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Yemen and Oil prices

Omagine

over 9 years ago

My concern is: what possible tourism market will there be while there is a civil war in Yemen. Who is going to view our project as attractive to finance under these conditions.

The price of oil must be putting a stress on the Omani exconomy and it's social supports.

I'd like to be off base with this thinking and welcome the other point of virew.

Thank you, Al Federici