While Europeans are offering up houses to refugees, an Egyptian billionaire wants to buy an island where tens of thousands of refugees can live and work.

Naguib Sawiris is offering to buy an uninhabited island from either Italy or Greece large enough to sustain up to 200,000 people.

"All I need is the permission," Sawiris told CNN. "I'll pay for the island, I'll provide the jobs."

Navajo Lady Delivers Water 75 Miles Every Day to Homes Without Plumbing

The CEO promises to pay refugees to build their own houses and schools along with a hospital and university.

He heads Orascom, a diverse company spanning transportation, construction, and communications, which is Egypt's largest private sector employer.

The Sawiris family has been active in helping Egyptians through their foundation for 14 years. It provides scholarships, training and job placement for people and awards prizes for Egyptian literature.

New Goal for German Football Stars: Helping Refugees

Sawiris suggests the refugees could turn the island into their own country and suggested naming the new nation "Hope."

(READ more at the Jerusalem Post) — Photo: World Economic Forum, CC

Give This Story A New Home With Your Friends And Followers…