Cairo – Mubasher: Egypt’s sovereign wealth fund ‘Tharaa’ plans to launch several sub-funds for areas such as industry, renewable energy, and tourism, the fund’s CEO Ayman Soliman said.

A tourism sub-fund is scheduled to be launched before the end of 2019 in a bid to boost the value of historic areas, Soliman added during a roundtable discussion late on Monday.

The fund’s management might offer shares of some sub-funds on local and international stock exchanges to make it easier for investors to exit investments, he noted.

Over the next two weeks, Tharaa will be holding talks with a group of investors, Soliman revealed, adding that BNP Paribas arranged a meeting with several investors from China, East Asia, Australia, New Zealand last week.