One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Re: Standard Development Agreement
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AGORACOM
Jul 14, 2008 09:27AM

I must disagree with 7575mike, over the last few months alot has happened. In May, the Omani Government announced that they have approved the commercial terms of the Omagine Project and as required the Company delivered their acceptance of these terms. Now we have been informed that the Standard DA has been delivered to the MOT, coupled with the fact that His Majesty the Sultan is an investor through the office of Royal Court Affairs. All the key investors are in place - CCC, the construction company, the Bank of Muscat and now His Majesty. I can see our long wait paying off.

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