Jason Buzi, a millionaire Israeli businessman living in San Francisco, believes that a new island could be created to house all of the world's millions of refugees. His 'Refugee Nation' project suggests creating a brand new country "which any refugee, from anywhere in the world, can call home" - perhaps by taking over an existing country without many people or building a new island in the sea.

As Armenpress informed citting to The Huffington Post, he now wants to find an answer to the problem of the 59.5 million people around the world who have been forcibly displaced from their homes, too many of whom live in desperate poverty, he believes. Writing in an 11-page report on the plan, he suggests four ways that his Refugee Nation could be created: using a sparsely-populated area of a developed nation, buying an empty island from a country like Indonesia, taking over an entire country that is sparsely-populated, like Dominica or building a new island in international waters.

He writes: "There is a solution, and it is glaringly obvious. It may sound grandiose, but it is not only logical - it is the only practical solution to this persistent, debilitating problem.

"The solution is simple: for the millions of stateless people around the world - a state of their own!