World Bulletin / News Desk

 U.S. Secretary of State John Kerry on Saturday expected his country to resume its military aid to Egypt "soon."

Speaking at a press briefing in Egypt's resort city of Sharm al-Sheikh, Kerry said Washington supports Egypt's fight against terrorism.

He expected the U.S. Congress to approve the resumption of military aid to Egypt "soon".

The U.S. suspended its annual military aid to Egypt soon after the Egyptian army ousted Islamist President Mohamed Morsi in July of 2013.

Egypt receives aid to the value of $1.5 billion from the U.S. since 1979. This included $1.3 billion in military aid.

Kerry, who was in Egypt to attend a major investment conference along with scores of heads of state, prime ministers, government ministers and business leaders, said his country helped Egypt create investment opportunities.

He added that the U.S. had sent 260 businessmen who represented 70 American companies to explore investment opportunities in Cairo a few months ago.

The Egyptian government has unveiled a host of investment projects at the conference in hopes of luring investment to revive its economy.

Egypt received a total of $4.7 billion worth of foreign investment during the 2013/14 fiscal year.

The Egyptian government expects a 4 percent GDP growth in 2014/15, up from 2.1 percent the previous fiscal year.