Mahmoud Ashour Al-Jafaar, CEO, Jibla Holding Company, emphasized that the laws recently passed don not help make Kuwait a financial and commercial centre. Rather, they lack flexibility. He also confirmed the fact that the Company will continue its business through seeking investment opportunities inside Kuwait and abroad. Jafaar also stated that a law to be enacted soon, where such law would be deemed as a spot of shame staining Kuwait face and prejudice to freedom guaranteed by the Constitution, as such law would prevent disposal of property.

Jafaar indicated that the State is in need for a new capital city as the State master plan has been created since 1960 and failed to be developed to date despite the lapse of fifty years now. We are in need of comprehensive development not only covering towers but also development that extends to services, infrastructure and roads. The Capital City suffers shortage of parking areas and heavy crowd that congests it, which makes it unfit to be the State Capital that strives to be a financial and commercial centre, stressing the necessity for compliance with designing a new real estate plan keeping pace with modern advancement and real estate renaissance prevailing Kuwait.

With respect to safety measures in towers, Jafaar said that no safety measures are available. If a fire breaks out, it would be difficult to rescue occupants of such towers, which emphasizes the necessity for having strict conditions in place in connection with parking areas and back spaces because these are a part of tower services including the availability of infrastructure. In connection with the Company strategy’s, Mr. Ashour stated: "We create several local economical entities through incorporating specialized companies in various industries, with added value and fixed returns in accordance with objective methodological studies and market demand as we establishing Fox International Consulting Company with view of providing professional services that would enhance and promote the corporate performance as well as Dhow Environmental Projects Company that aims at engaging in various environmental projects including pollution treatment of all types, together with establishing an environmental lab based on global standards and specifications". He said.

"This growth and expansion on local level led us to seek a safe investment environment on the regional level whereby Egypt was elected through raising the capital of United Securities Brokerage Group from Egyptian 5 Million to 10 Million Egyptian Pounds through incorporating branches for the Company in various Egyptian governorates, in addition to finalizing phases of incorporating our investment arm Giblah Holding Egypt to be a key to enter the Egyptian market as well as accessing the Industrial area in Kingdom of Saudi Arabia under the umbrella of Al-Dhiyafa Al-Ahliya Real Estate Company that constitutes the beginning to enter Gulf markets” Mr. Ashour added.