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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patience...

Omagine

about 9 years ago

in response to PYPR's message

It's hard but I offer this possible explanation why things don't move more rapidly:

Until a large cash infusion (cash, not land value) I believe management is handicapped by their small staff. There is simply too many I's to dot and t's to cross for just Frank, Charlie and Sam. They WILL get it done.. but they are only human. Having led large projects myself in the past, I can relate. They need more hands.. and they will eventually get them.