Israeli Finance Minister Bezalel Smotrich on Wednesday described Gaza as a potential real estate “bonanza,” openly expressing his vision of turning the Strip into Israeli territory and stating he has been in discussions with the United States on how to divide it after the war.
Speaking at a property industry conference in Tel Aviv, Smotrich declared the chance “pays for itself,” and added that he has “already started negotiations with the Americans.”
The Palestinian leadership and the vast majority of world governments insist that Gaza must be placed under Palestinian control once the conflict ends, firmly opposing any suggestion of Israeli or American rule. Prime Minister Benjamin Netanyahu has said he does not plan to rebuild Israeli settlements in Gaza, though his far-right partners continue to push for the expulsion of Palestinians and the creation of Jewish communities there.
“We have paid a lot of money for this war. We have to see how we are dividing up the land in percentages,” Smotrich said, continuing, “the demolition, the first stage in the city’s renewal, we have already done. Now we need to build.”
He went on to say, “There is a business plan, put together by the most professional people here, that is on President Trump’s desk.”
The White House and the US State Department declined to immediately respond when asked about Smotrich’s remarks.
In an interview last month with Ofek, the Religious Zionism party’s weekend publication, Smotrich said he was working on restoring the Israeli communities of Ganim and Kadim in the northern West Bank. Both were dismantled in 2005 during Israel’s withdrawal from Gaza, when all settlers and troops were removed.
Back in July, he took part in a Knesset gathering titled “The Gaza Riviera – from vision to reality,” where plans for rebuilding Jewish settlements in Gaza were presented. At that event, he declared that Gaza would become an “inseparable part of the State of Israel.”
In May, Smotrich laid out another plan, saying that Palestinians would be forced into a narrow area of land while the rest of Gaza would be “totally destroyed.”
He further asserted in July that his blueprint had the backing of President Donald Trump. Earlier in February, Trump had said the US would assume control of Gaza, move out its inhabitants, and transform it into the “Riviera of the Middle East.”
That proposal was met with outright rejection from Palestinians, Arab governments, most of the world, and members of both major US political parties. Trump himself has downplayed the idea since making those comments.
However, The Washington Post reported last month that the concept was not entirely shelved. According to the report, the Trump administration was still evaluating a plan that would place Gaza under American control for ten years, with payments offered to around a quarter of the population to resettle elsewhere, many on a permanent basis.
On Wednesday, Smotrich also dismissed Netanyahu’s recent warning that Israel was at risk of growing isolation and might be forced to create a more self-sufficient economy, with “autarkic characteristics” and even likened to a “super-Sparta.”
“I do not agree with the prime minister’s words, and I really did not like the comparison to Sparta,” Smotrich said.
Netanyahu’s comments drew heavy criticism from opposition leaders and figures in the business community, and were followed by a decline on the Tel Aviv Stock Exchange.
Responding to the uproar, Netanyahu clarified on Tuesday that he had “full confidence” in the Israeli economy, explaining that his earlier remarks were aimed at the defense sector, not the economy as a whole.
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Matzav.com Israel}