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.
Oman ranked in top ten of the fastest growing tourism destinations
October 31, 2016 | 10:58 AM
by Times News Service
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Photo - Evin Mathew Manoj
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Photo - Evin Mathew Manoj
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Muscat: Oman has been ranked 8th in the fastest growing destinations for leisure travel spending in the world, by the World Economic Forum.
Oman is expected to grow by 6.7% every year in terms of tourism spending over the next 10 years from 2016-2026.
The list is topped by India which is predicted to grow by 7.8% annually followed by Angola, Uganda, Brunei, Thailand, China, Myanmar, Mozambique and Vietnam.
Africa ranks number one followed by Middle East and Asia Pacific as the fastest growing tourism continents.
Oman has set a strategy with the Tourism Vision 2040 where it plans to double the number of tourists by developing at least 10 tourism cluster spots that will create a series of unique tourism experiences in different areas of Oman, reflecting local culture and heritage.
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lebnjb@ameri
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President
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Date Joined
03/11/2006
Omagine
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OMAG
Exchange
OTCQB
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Bricks & Mortar
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