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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Re: Bank to set up $2bn building materials firm

Posted by: Muscy on June 05, 2008 09:03AM

In response to: Re: Bank to set up $2bn bui... by GWG99

Oman: MoU signed to expand Salalah Port
Posted: 05-06-2008 , 06:52 GMT

Salalah portSalalah Port Services Co. (SAOG), the operator of the Port of Salalah, has signed an MOU with the Government of Oman to expand the present container handling facilities by constructing additional 1350 meters of quay wall. This will extend the total container terminal quay length to 3,555 meters with an annual capacity to handle around 9 million twenty equivalent units (TEUs) annually by 2013.

According to Oman Observer newspaper, this project is part of an effort to “prepare the terminal for the future”, said Tiemen Meester, the outgoing Chief Executive Officer (CEO) of the Port of Salalah. In 2004, the port handled 2.2 million TEUs of containers. “Nonetheless, we worked hard optimising our operations and gearing up for future growth,” said Meester. “Last year we handled about 2.4 million TEU in 2006, and the numbers so far show that we are on track for further solid growth during this year.”

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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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