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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in response to PYPR's message
Ramadan should have no affect on Chinese banks nor on Chinese construction companies, perhaps that's why there was all that selling on first day of Ramadan early this week. Someone must have thought it would put everything on hold, It may have but for other reasons. I believe that Chinese construction companies are already doing projects in Oman according to article earlier this month on Muscatdaily. Since we have a bit of a wait for news I will be heading to the beaches and play beach bum for a while...... Beacher out
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beachmaster
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Vice President
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1184
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Date Joined
08/04/2013
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Omagine
Symbol
OMAG
Exchange
OTCQB
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20,799,937 as of 01/04/2017
Industry
Bricks & Mortar
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