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: New Site Rival?

Omagine

almost 8 years ago

in response to PYPR's message

OK, Agoracom. Can you ask management why this project, which I personally never heard of before, is moving forward and we're not? It sounds very similar to Omagine and certainly it would need financing as well.

Does anyone know if the private sector side of this competitor is publicly traded and, if so, what the stock symbol might be?