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Omagine real estate project approved
16 May 2008
The firm is required to respond to the government by letter to confirm receipt of the approval and ensure that it has copies of other confirmations from shareholders and suppliers.
Omagine, which will be located a few minutes away from Muscat International Airport, is expected to be a blend of residential, retail and commercial properties.
Frank Dohan, president of the company, said that he was very pleased to receive the final go-ahead for the project.
"Our carefully chosen strategic investor partners including CCC, Bank Muscat and local Omani business persons are committed to delivering this signature project for the people of the Sultanate of Oman," he stated.
He added that when it is built in four or five years, "Omagine will be the destination in Oman for tourists".
The firm is the majority shareholder of the Project Company which will be responsible for owning and developing the Omagine Project.
Source: Adfero
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