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: trubbled waters?????

Omagine

about 8 years ago

in response to AltonG's message

ALTON, thanx for "egging" Eddie on. Just what we need. Having said that I agree with your assessment, that with oil diminishing as Oman's GNP engine, tourism needs to be ramped up . The sooner they can get up and running with tourism (above the current levels) they can begin to reduce their oil output and conserve the reserves so that the 20 year projection can be extended. Soooo, although I shall give Eddie high marks for the article, judging from the title he assigned to it, I believe he meant it to be a "downer". You and I therefore, have made a "silk purse out of a sows ear". Regards, Bill of the Board.