Gaza regarded as a treasure trove for real estate by Israel's finance minister
In a surprising turn of events, Israeli Finance Minister Bezalel Smotrich has put forward a plan to rebuild the Gaza Strip under its own administration, positioning it as a potential real estate goldmine.
Speaking at a real estate conference in Tel Aviv, Smotrich expressed his belief that the time has come to build in the Gaza Strip, citing its cheaper cost as a significant advantage. He further stated that a business plan for this purpose has been prepared by professionals and is currently on the table of US President Donald Trump.
Smotrich's proposal comes amidst fierce criticism of Trump's plan for the Gaza Strip, which includes the dismantling of Hamas and the establishment of an alternative civil administration that does not threaten Israel. Trump had previously floated the idea of taking control of the Gaza Strip and resettling the Palestinian population to turn it into a 'Middle Eastern Riviera'.
The minister has entered into negotiations with the Americans regarding the Gaza Strip as a potential real estate opportunity. He has expressed a demand for a share in the profits from the marketing of the land in Gaza, and it is now being decided how the profits will be divided and how a percentage will be generated from the marketing.
Smotrich, a staunch opponent of the two-state solution, has advocated for resettlement in the Gaza Strip. He mentioned that the Gaza war had caused significant costs for Israel, and rebuilding the strip under its own administration could potentially alleviate these costs.
However, there is no information available about specific American individuals involved in these negotiations or business planning related to the exploitation or management of the Gaza Strip. It remains to be seen how this proposal will unfold and whether it will indeed transform the Gaza Strip into a real estate goldmine.
Israeli Prime Minister Benjamin Netanyahu previously spoke of 'wonderful beachfront properties' in Gaza in connection with Trump's plan for the Gaza Strip. The future of the Gaza Strip under this proposed plan is a topic of much debate and speculation, with many questioning the feasibility and ethics of such a transformation.
Smotrich responded to a question about the first Israeli settlement in the Gaza Strip, stating his seriousness about the plan. As negotiations continue, the potential rebuilding of the Gaza Strip under Israeli administration as a real estate opportunity remains a contentious issue.
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