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 9 years ago

Re: Omagine in talks for funding Phase 1 $2.5bn realty project

Omagine

almost 9 years ago

Re: Omagine in talks for funding Phase 1 $2.5bn realty project

Omagine

almost 9 years ago

Re: Omagine in talks for funding Phase 1 $2.5bn realty project

Omagine

almost 9 years ago

Re: Omagine in talks for funding Phase 1 $2.5bn realty project

Omagine

almost 9 years ago

Omagine in talks for funding Phase 1 $2.5bn realty project

Omagine

almost 9 years ago

Conrad Prabhu

MUSCAT — Nov 28: Omagine LLC, which has signed a deal with the Omani government to develop a mixed use tourism and real estate project in Muscat Governorate, says it is currently in discussion with a Qatari bank for financing the first phase activities of this ambitious scheme.

The company’s US-based majority shareholder, Omagine Inc, stated in a filing to the US Securities and Exchange Commission (SEC) that it has received a term sheet from the unnamed Qatari lender setting out the terms covering the provision of $25 million loan to finance the first phase of the design and construction of the estimated $2.5 billion development.

Click here to read entire article.