President Mohamed Mursi invited Brazilian businessmen to invest in Egypt, the presidential spokesman's Facebook page reported.

Egypt looks forward to cooperating with Brazil in heavy industries, agriculture and vehicles assembling, Mursi said while on a visit to Brazil.

The Egyptian president affirmed his government's keenness on removing all obstacles facing foreign investors, especially Brazilians.

Mursi's visit to Brazil aims to boost trade exchange and attract investments.

Egypt seeks to attract foreign investments and grants to help its ailing economy which has slumped since a popular uprising toppled former president Hosni Mubarak in 2011.

Foreign investments and tourists have steered away from the country political instability and a general state of lawlessness.