Buzz

Egyptian Billionaire Offers $100 Million to Help Refugees by Developing a Community for Them

Egyptian Billionaire Offers $100 Million to Help Refugees by Developing a Community for Them

1200x-1

Months after offering to buy an island for refugees, Egyptian billionaire Naguib Sawiris, Egypt’s second richest man, said he is offering $100 million and other aid to help refugees.

According to Forbes, Sawiris said he was “frustrated” after Greece and Italy turned down his initial offer to buy an island that would host refugees and provide jobs for them. Sawiris told Forbes that he had also failed to reach the United Nations High Commissioner for Refugees.

Instead, Sawiris is now offering $100 million to a government that would give him land to develop for refugees.

“Any government that will give me land, that will allow me to build on this land, I will do it,” said Sawiris to Forbes. “I will spend $100 million.”

More than 3,000 refugees have drowned in 2015 and 2016 while attempting to reach Europe and other parts of the world for a safe haven. In September 2015, Sawiris said the problem was not money, but drive and initiative to actually help refugees.

“I’m actually frustrated. Because they have a problem. And someone comes and said they have a solution, and they don’t act,” said Sawiris to Forbes in his latest statements.

When he was asked in September 2015 why he had not implemented such an idea in his own home country, Sawiris tweeted in response that he would need permission from the Egyptian government and that there are no jobs in Egypt.

300 Kids Take Over Zamalek Streets for Muricata's Great Cairo Kidathon
Viral Video Shows Evolution of Arabic Music From 1900s to Today

Subscribe to our newsletter


Buzz

More in Buzz

Local Bazaar Brings Together Over 100 Egyptian Women Entrepreneurs

ES BuzzSeptember 23, 2020

From Street to Culture: UNTY’s Female-led “Berahet-ha” Preaches Women’s Freedom in Egypt

Noran Alaa MorsiSeptember 21, 2020

In Photos: A Visual Tale of Luxor’s Agricultural Transformation

ES BuzzSeptember 19, 2020

6 Homegrown Cosmetics Brands Redefining Egyptian Beauty

Egyptian StreetsSeptember 19, 2020

A Brief Visual History of the Zodiac in Islam

Noran Alaa MorsiSeptember 17, 2020

Japan and Egypt: a Brief Overview of Long Historical Relations

ES BuzzSeptember 8, 2020

From Flips to Clicks: The Evolution of Conducting Research Through Books vs. The Internet

Mary AravanisSeptember 6, 2020

‘Eat Nabati’: New Egyptian Vegan Restaurant Opens in Toronto

ES BuzzSeptember 5, 2020