Quentin D. Solano
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Quentin D. Solano in Breaking news,

Egyptian billionaire: I found the island I want to buy for refugees

An Egyptian billionaire's offer to buy an island for refugees is closer to becoming reality.

Naguib Sawiris, one of the region's wealthiest men, said he has identified two privately owned Greek islands that would be well-suited for the project. "We have corresponded with their owners and expressed our interest to go into negotiation with them," Sawiris said in a statement.


His idea to create a safe haven for the refugees was first branded as ridiculous by some, but Sawiris said he has received "tons of expressions of interest" from potential donors.

"I'll make a small port or marina for the boats to land there. I'll employ the people to build their own homes, their schools, a hospital, a university, a hotel," he said, adding he could employ between 100,000 and 200,000 refugees.

Naguib Sawiris

http://money.cnn.com/2015/09/16/news/egypt-billionaire-refug...