Egypt plans to name a new city development over 10,000 acre near Cairo after custodian of the two holy mosques King Salman. This was announced at a gathering, which was held to outline investment opportunities in Egypt´s construction and property sectors. The meeting was held to discuss several major projects, including the new administrative capital over 190,000 acre, that will be launched soon. Egyptian Minister of Housing Mustafa Madbouli presided over the meeting and announced that Egypt will name the new city after King Salman. The meeting, which also included Saudi Housing Minister Majed Al-Hogai, focused on solving obstacles faced by investors in Egypt. According to Madbouli, the country has a huge property market because of its growing population and, about 600,000 houses are needed a year; there are currently 25 new cities under construction over 900,000 acre. The meeting was held to familiarise Saudi investors and real estate developers on investment opportunities in Egypt, and identify and overcome challenges, and Al-Hogail asserted that King Salman was committed to the development of the Egyptian economy. The Middle East is definitely eager to see this new city development named after King Salman.