The Egyptian telecom billionaire Naguib Sawiris said in a television interview that he would consult with the governments in Greece and Italy and present his proposal:
To buy one or more islands in the Mediterranean that can accommodate the thousands of refugees that now flows into Europe.
Sawiris believes the idea "obviously is feasible."
- We have dozens of islands that are empty and can accommodate hundreds of thousands of refugees, says Sawiris to AFP.
Sawiris believes that an island off Greece or Italy will cost between 10 and 100 million, but the main challenge will be investments in infrastructure, such as homes, schools and hospitals.
- There will be temporary solutions to accommodate people, then people are hired to build homes, schools, universities and hospitals, he said.
Sawiris envisages that the island, or islands, will be independent of the country they are purchased from.
- And if things improve, those who wish can travel back to their homeland. Return, says Sawiris.
Sawiris, who comes from the Coptic Christian minority in Egypt, built the telecom company Orascom, and is one of Egypt's richest people with a fortune estimated at $ 3.1 billion.
Sawiris is also considered a bit of an Egyptian Donald Trump, with a tendency to seek publicity.
However, it is not the first time a wealthy man has suggested similar proposals for resolving the refugee situation.
Earlier this year, the Silicon Valley-based real estate investor Jason Buzi, suggested to create a whole new country for the world's refugees.
He believes the best solution would be to create an entirely new state where everyone can come; a pluralistic, capitalistic, democratic state with a "strong work culture" and English language.
All the things Muslim refugees hate in other words.
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