Agoracom Blog

OMAGINE Signs Usufruct Agreement on $2.5B Oman Beachfront Development

Posted by AGORACOM-JC at 3:06 PM on Wednesday, July 1st, 2015

Signed a Usufruct Agreement with the Government of Oman whereby the Government granted LLC certain rights over the one million square meters (approximately 245 acres) of beachfront land which rights include the right to sell such land on a freehold basis. The land in Oman will be utilized by LLC for the development in of a mixed use tourism and residential project, the Omagine Project.

About the office of Royal Court Affairs.

The office of Royal Court Affairs is an Omani organization representing the interests of His Majesty, Sultan Qaboos bin Said, the ruler of Oman.

About Consolidated Contractors.

Consolidated Contractors International Company, SAL (“CCIC”) is a multi-national company headquartered in Athens, Greece. CCIC has approximately 5.5 billion dollars in annual revenue, 120,000 employees worldwide and operating subsidiaries in, among other places, every country in the Middle East and North Africa.

Hub On AGORACOM / Corporate Website / View 8-K Filing

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