Omagine, Inc.
OMAGQ
Other OTC0.00
USD
- -
- -
CIK
0000820600
ISIN
US6816592074
CUSIP
681659207
Return %
Stock
S&P500
1Y
-45.45
15.98
3Y
-95.80
62.25
5Y
-76.92
67.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Frank J. Drohan
- Full Time Employees
- 5
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- 136 Madison Avenue New York City NY United States of America 10016
- IPO Date
- Mar 19, 1996
- CIK
- 0000820600
- Website
- omagine.com
- Similar Companies
- Business
- Omagine, Inc. is a holding company primarily engaged in entertainment, hospitality, and real estate development with a focus on the Middle East and North Africa (MENA) region. The company specializes in the design, development, and construction of mixed-use tourism and residential real estate development projects. Its flagship asset is the Omagine Project, a $2.5 billion integrated tourism destination comprising hotels, commercial buildings, retail establishments, over two thousand residential units, open green spaces, a canal with an enclosed harbor and marina, entertainment venues, and office buildings. This project is situated on approximately one million square meters (245 acres) of prime beachfront land facing the Gulf of Oman near Muscat, Oman’s capital city, about six miles from Muscat International Airport. Founded in 2004 and headquartered in New York, New York, Omagine operates through its subsidiaries, including Omagine LLC, an Omani limited liability company overseeing the Omagine Project. The company targets the tourism, real estate, and hospitality markets within the MENA region, leveraging strong regional government support for economic diversification and tourism development. Omagine aims to capitalize on these growth trends by creating a world-class tourism destination integrating cultural, entertainment, and residential components. Recent major developments for Omagine include signing a Development Agreement with the Government of Oman to design, develop, own, and operate the Omagine Project, marking a significant step toward project realization. This strategic partnership underpins Omagine's expansion and underlines its commitment to advancing a multi-billion-dollar tourism and real estate initiative. The company maintains a lean corporate structure focused on executing this large-scale project and advancing related hospitality services in the region. Omagine’s core products and services therefore encompass real estate development across tourism destinations; hospitality services including multi-star resorts; commercial retail and office space development; marina and recreational facilities; and residential property sales and management. The company’s business model integrates entertainment, cultural venues, and commercial amenities within its master-planned developments to drive long-term regional economic impact and tourism growth. Overall, Omagine, Inc. is positioned as a major player in the MENA region’s tourism and real estate sector, backed by a substantial land development project and strategic governmental collaboration, with operations centralized from its New York headquarters and development activity centered in Oman.