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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Re: Land

Omagine

over 8 years ago

in response to lebnjb@ameri's message

It appears by the aforementioned we'll need the government to be empathetiic to our current situation. Hopefully they willl extend the date.There are a lot of milestones to reach in a timely fashion even after the financing and primary contractor is chosen. I believe we have the RCA as an ally. Who couldn't like Frank. I just wish some things would start coming together. It's probably going to take 5 to 10 years to generate revenue. Old man access is going to be a must for me by then. I want to go there.