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: Tourism in Oman

Omagine

over 7 years ago

in response to lebnjb@ameri's message

NICK, good article. I'm intrigued by the revelation made by one of committee members ... "although the number of tourists arriving in Oman has been rising, the contribution to GDP was not". Perhaps "the greater understanding " is that they need more housing, hotels, marinas and even Pearls...yes Pearls with a capital "P". The tourist's may be poking their noses into Oman, then scurrying over to Dubai/ the Palm Islands, or other "hot spots" within the UAE to lodge.I'm just wonderin, Bill of the Board.