An informed sourced revealed that Jiblah holding is working at executing a large Real Estate Project in a Gulf country for a value of USD 700 Million approximately. The source explained that this project is still "in the review phase", but is similar to the Industrial City project carried out by the company in Saudi Arabia between Jeddah and Medina for a total value of USD 750 Million. The source refused to divulge the place where the new project will be done preferring to wait until all relevant studies are conducted. However, he mentioned that it will choose one of the Arab Gulf countries; in addition, a special company will be created to manage this project with a capital ranging between K.D 35-50 Million. Jiblah Holding has already executed the Industrial City project in KSA with the participation of prominent Kuwaiti companies and banks such as the Finance and Industrial Investments House, Nouf Real Estate Company, The Commercial Bank, Afkar Holding Company, Boubyan Petrochemicals Co, knowing that Jiblah Holding's direct and indirect share in that company will be around 20%.