US ambassador asks Egypt to remove investment obstacles

The US ambassador in Cairo, Daniel Kurtzer said the Egyptian government has made substantial advances to overcome problems through economic reforms, stating that Egypt is a friendly country and that there are many opportunities for investments.

He urged US businessmen to invest in Egypt and Egyptian businessmen to free the private sector, referring to the importance of removing obstacles blocking investors and encouraging commercial exchange between the two countries.

The US ambassador referred to the importance of US - Egyptian governments' role in increasing investment in Egypt, developing US - Egyptian exports, and determining priorities for private sector projects.

Kurtzer stated that the US and Egypt are working with coordinated efforts to reach a just peace in spite of the difficult circumstances and differing viewpoints that face the two countries in solving the area's problems.