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lite.cnn.com - on gopher - inofficial
ARTICLE VIEW:
Israel’s far-right finance minister suggests a real estate
‘bonanza’ in Gaza will follow the war
By Lauren Izso, Tal Shalev, Nadeen Ebrahim, CNN
Updated:
2:14 PM EDT, Thu September 18, 2025
Source: CNN
Israeli finance minister Bezalel Smotrich has described Gaza as a
potential real estate “bonanza” and claimed he was talking to the
United States about how to divide up the war-torn enclave.
Speaking at the Urban Renewal Summit in Tel Aviv on Wednesday, the
far-right minister said that Israel and the US had “paid a lot of
money for the war, so we need to share percentages on the land sales in
Gaza.”
Smotrich also said he had already started negotiations with the US on
how to divide Gaza, claiming there was a business plan on the matter
sitting “on President (Donald) Trump’s desk.”
“We have done the demolition phase, which is always the first phase
of urban renewal – now we need to build,” he said.
When asked about Smotrich’s statement, a White House official told
CNN that “President Trump has long promoted solutions that would help
the people of Gaza rebuild.”
“However, Hamas must first agree to disarm and give up rule in
Gaza,” the official said.
Smotrich’s comments follow similar remarks by Israel’s far-right
national security minister Itamar Ben Gvir, who said on Monday that he
planned to build a “magnificent neighborhood” for Israeli police
officers in Gaza after Israel’s operation in Gaza City is over.
Trump has previously said that he viewed Gaza as a “” and proposed
expelling 2.1 million Palestinians from the territory before
transforming it into a “Riviera” that would be owned by the US.
In February, the president even posted a video on his Truth Social
account – which appears to have been created with generative AI –
promoting the transformation of into a Gulf state-like resort featuring
a golden statue of himself, a hummus-eating , and shirtless American
and Israeli leaders lounging on a beach.
The proposal received mass condemnation from the international
community.
Israel’s far-right has long wanted to move Palestinians out of Gaza,
a prospect that critics have said would amount to ethnic cleansing.
Fears are rising further for Gaza’s plight as Israel said it has
begun a planned invasion of Gaza City, the enclave’s largest, pushing
more than 1 million residents to overcrowded areas further south in the
strip.
As of Wednesday, Israeli tanks were stationed on the edge of ahead of
the planned ground operation, according to eyewitnesses and satellite
imagery.
CNN’s Betsy Klein contributed to this story.
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