Egyptian billionaire Naguib Sawiris has offered to buy an island off Greece or Italy and develop it to help hundreds of thousands of people fleeing from Syria and other conflicts.

The telecoms tycoon first announced the initiative on Twitter.

“Greece or Italy sell me an island, I’ll call its independence and host the migrants and provide jobs for them building their new country,” he wrote.

More than 2,300 people have died at sea trying to reach Europe since January, many of them Syrians who fled their country’s four-and-a-half year conflict

Sawiris said in a television interview that he would approach the governments of Greece and Italy about his plan.

Asked by AFP whether he believed it could work, he said: “Of course it’s feasible.”

“You have dozens of islands which are deserted and could accommodate hundreds of thousands of refugees.”

Sawiris said an island off Greece or Italy could cost between $10 million and $100 million, but added the “main thing is investment in infrastructure”. Details