Egyptian Billionaire To Buy Two Entire Islands For Refugees
As more and more Syrian refugees migrate towards Europe, one man has a plan to help provide them with a better future.
Published 9 years ago
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Naguib Sawiris is in the process of buying an island where he will help house some 200,000 Syrian refugees. “All I need is the permission,” said Sawiris, “I’ll pay for the island, I’ll provide the jobs.” The CEO promises to pay refugees to build their own houses and schools along with a hospital and universities.
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Sawiris 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
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Sawiris announced his plan to buy an uninhabited island from either Greece or Italy earlier this year and has expanded his list to 17 islands with a goal of determining which could support the most people. There are more than 1,200 Greek islands – fewer than 300 of them are populated though Sawiris has not identified the islands’ current owners, but says it will cost about $100 million to get the project started.