Israeli Official Says Gaza Could Be 'Real Estate Bonanza'
Summary
An Israeli finance minister suggested Gaza could be redeveloped into a profitable area, and a detailed proposal for this has been sent to former President Donald Trump. The proposal comes after widespread destruction in Gaza, with building damages reported by the United Nations.Key Facts
- Israel's finance minister, Bezalel Smotrich, called Gaza a potential "real estate bonanza."
- A development plan for Gaza has been sent to Donald Trump.
- Smotrich described the destruction in Gaza as the first step in urban renewal.
- Trump had previously mentioned transforming Gaza into a resort area.
- The United Nations reported that 92% of Gaza's residential buildings have been destroyed or damaged since October 2023.
- The removal of almost 50 million tons of rubble from Gaza might take decades, according to the UN.
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