Ahmed Rostom, Minister of Planning and Economic Development, stated on Monday that the government has adopted an economic and social development plan for the 2026/27 fiscal year targeting a 59% share for the private sector in total investment.
Ahmed Rostom made the remarks at the launch of L’Oréal Egypt’s Economic and Social Impact Study. The event was held under the patronage of Prime Minister Mostafa Madbouly and attended by Khaled Hashem, Minister of Industry; Éric Chevallier, French Ambassador to Egypt; and Mohamed El Araby, Chairperson of L’Oréal Egypt.
Rostom highlighted the ministry’s efforts to empower the private sector and increase its role in development. He noted growing French investments in Egypt, including those by L’Oréal, which exceed €100m and direct more than 85% of production to export markets.
The minister also praised L’Oréal’s corporate social responsibility initiatives focused on women’s health, empowerment, technology, and entrepreneurship. He stressed the government’s priority on industrial development through incentives for local content and value chains.