Egypt tycoon ‘in talks to buy two Greek islands for refugees’

Tycoon approached by the UN’s refugee agency UNHCR to cooperate on the project, which he estimates would require $100 million (90 million euros) to get off the ground

Egyptian billionaire Naguib Sawiris, who offered to buy a Mediterranean island to help hundreds of thousands of Syrians fleeing war, said Monday he was in talks to buy two private Greek islands.

The businessman announced earlier this month he was looking to buy an island which would “host the migrants and provide jobs for them building their new country”.

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

A statement from Mr Sawiris’ company on Monday said he had “identified two privately owned Greek islands that constitute a good opportunity for the project.Details