US Secretary of State Kerry urges firms to invest in Egypt

March 13, 2015 13:45

SHARM EL-SHEIKH, Egypt - US Secretary of State John Kerry on Friday urged business executives to invest in Egypt, praising the government of President Abdel Fattah el-Sisi for "bold" economic reforms aimed at restoring investor confidence.

Addressing the US Chamber of Commerce in Egypt on the sidelines of an investment conference in the Red Sea resort of Sharm El-Sheikh, Kerry said more private investment could help Egypt's economy achieve annual growth rates in double digits.

He pledged US support for further reforms, which he said would make doing business in Egypt easier and protect foreign investments.

Kerry was due to meet President Sisi on Friday as well as Jordan's King Abdullah and Palestinian Authority President Mahmoud Abbas.

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