One mile of Ocean Front, $1.6 Billion , One Incredible Real Estate Development.
OMAGINE INC. THROUGH ITS WHOLLY OWNED SUBSIDIARY IS A REAL-ESTATE DEVELOPMENT, ENTERTAINMENT AND HOSPITALITY COMPANY FOCUSING ON MIDDLE EASTERN DEVELOPMENT.
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Omagine > Message
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Re: Standard Development Agreement

Posted by: Ethan2 on July 14, 2008 08:27PM

In response to: Re: Standard Development Ag... by 7575mike

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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Executive Address
Omag-drohan-ea
Frank J. Drohan
President and CEO
June 28, 2007

President and CEO Discusses Omagine Development  in an interview from Oman

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