CAIRO: Egypt's Chairman of the General Authority for Investment and Free Zones, Osama Saleh, said on Wednesday that Foreign Direct Investment to Egypt is expected to drop over 40 percent in the current fiscal year ending in June. The drop is blamed on the unrest and instability caused by the massive 18-day uprising that toppled the regime of former President Hosni Mubarak in February. Saleh said on Wednesday that Egypt had targeted foreign investments of U.S. $7 billion, but are now expecting roughly U.S. $4 billion for the current fiscal year. On the sidelines of a seminar on Egyptian-Kuwaiti investment, he told the Associated Press that the Egyptian government is currently focusing on attracting Gulf Arab money, in part because those oil-rich nations already have a solid investment base in the country. BM