Egyptian billionaire Naguib Sawiris is fast proving that he is a man of his word, as he has actually narrowed down on two islands he would he like to buy for the Syrian refugees.

Sawairis had previously proposed purchasing an entire island in Europe to deal with the crisis, and now he is actually walking his talk as he has gotten in touch with the owners of islands he has spotted and is currently negotiating with them.

In an interview with CNN the chief executive officer of Orascom TMT clarified that his project was actually feasible and that he had also found interest from "tons" of potential donors.

The billionaire has actually thought of the logistics and about how he might start up the engine for this mini economy. he has plans of employing 100,000 to 200,000 refugees on the island.

"I'll make a small port or marina for boats to land there. I'll employ the people to build their own homes, their schools, a hospital, a university, a hotel," he said.

The billionaire has also revealed that he will name the island after Aylan, the boy who drowned while trying to get into Turkey to reunite with his family.

Sawiris said that it was the photo of the dead boy washed ashore that really shook him up. "It is the picture of Aylan that woke me up," he said. "I said -- I cannot just sit like that and do nothing, and pretend it's not my problem."

Watch Sawiris' interview with CNN:

Tags: Syrian Refugee Crisis