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Gaza could be ‘real estate bonanza’, Israeli minister Bezalel Smotrich says | World News

The Owner Press by The Owner Press
September 18, 2025
in Business News
Reading Time: 5 mins read
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A controversial Israeli minister has mentioned Gaza may very well be a “actual property bonanza” – and {that a} marketing strategy for redeveloping it had been despatched to the US president.

Bezalel Smotrich, the nation’s far-right finance chief, advised a Tel Aviv convention he had “began negotiations” with the US on the best way to share the proceeds of any future deal.

The feedback echo controversial remarks by Donald Trump in February, when he mentioned America would take over Gaza and redevelop it into the “riviera of the Center East” – with its inhabitants going to “numerous domains”.

He later shared a AI-generated video exhibiting it as a Dubai-style metropolis, that includes unique seashores, skyscrapers, luxurious yachts and other people partying.

Mr Smotrich advised the city regeneration occasion “there is a marketing strategy set by probably the most skilled individuals there may be and is on President Trump’s desk and the way this factor turns into an actual property bonanza. I am not kidding; it pays off”.

The minister, who’s sanctioned by countries including the UK, Canada and Australia, claimed discussions had been already below approach on how money from redeveloping Gaza’s shattered panorama can be allotted.

Mr Smotrich mentioned Israel had “paid some huge cash for this struggle, so we have to divide how we make a proportion on the land advertising later in Gaza”.

He added: “We have carried out the demolition section, which is at all times the primary section of city renewal. Now we have to construct; it is less expensive.”

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1:44

Tanks roll into Gaza as Israeli offensive begins

Any effort to forcibly displace Gaza’s inhabitants for a constructing undertaking would nearly definitely breach the Geneva Conference and trigger worldwide outrage – as Mr Trump discovered when he mooted his plan earlier this 12 months.

Israel’s offensive in Gaza ratcheted up this week because it launched a major ground offensive to seize all of Gaza City and destroy Hamas.

1000’s are heading south with no matter they will in an effort to keep away from being killed within the preventing.

The operation has prompted widespread condemnation, with UK Overseas Secretary Yvette Cooper calling it “totally reckless and appalling”.

Ms Cooper – who helped greet the pro-Israel President Trump when he landed in Britain on Tuesday – mentioned it will “solely convey extra bloodshed, kill extra harmless civilians & endanger the remaining hostages”.

With no signal of an imminent ceasefire in Gaza and the state of affairs more and more dire, Prime Minister Sir Keir Starmer is predicted to shortly announce Britain’s recognition of a Palestinian state.

It’s believed he might make the declaration on the weekend to keep away from inflicting division on the problem whereas President Trump is within the nation.

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2:11

Sky Information evaluation exhibits main escalation in struggle

The 2 leaders are holding talks right this moment at Chequers, with the prime minister under pressure to induce Mr Trump to make use of his affect over Israel to rein in its new offensive.

The prime minister mentioned in July that recognition would come unless Israel met certain conditions, together with taking “substantive steps” to finish the struggle and decide to long-term peace.

France, Canada and Australia are additionally set to recognise a Palestinian state on the UN Normal Meeting subsequent month, whereas Eire, Spain and Norway all took the step final 12 months.

Learn extra:
What does recognising a Palestinian state mean?
Sadiq Khan calls out Gaza ‘genocide’

Israel says the popularity of a Palestinian state is unacceptable, rewards Hamas, and makes it tougher to create the circumstances wanted to free the remaining hostages.

Greater than 65,000 individuals in Gaza have now been killed in the war, in keeping with the Hamas-run well being ministry. The determine doesn’t specify the variety of Hamas members killed.

At the very least 63 individuals had been killed on Wednesday, with many of the casualties in Gaza Metropolis, native well being authorities mentioned.

The Hamas terror assault on Israel in October 2023 noticed round 1,200 individuals killed and 251 individuals taken hostage. Forty-eight stay in Gaza, however fewer then half are although to nonetheless be alive.

A report this week from a UN commission said Israel was committing genocide in Gaza – a declare the nation vehemently denies as “distorted and false”.

Sky Information evaluation exhibits hundreds of households stay in crowded tent camps in Gaza Metropolis, with the UN estimating final week that 1,000,000 individuals stay there.

Israel, nevertheless, believes 40% of the inhabitants has already fled south and on Wednesday opened a brand new evacuation route for 48 hours.



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Tags: BezalelbonanzaestateGazaIsraeliministerNewsRealSmotrichWorld
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