One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Good news - Bad news

I totally agree with you Alton. It seems the only stickler is the land price not being adjusted as stated in the 8 K.

4. The “Land Price” of twenty-five Omani Rials (25 OMR) per square meter and the Usufruct rent of 300 Baisa (0.300 OMR) per square meter - as long ago agreed in the DA - would not be adjusted as was being suggested at the meeting by the MOT Staff (and which suggestions were stiffly rejected outright by Omagine LLC management).

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