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Israel's far-right Finance Minister Bezalel Smotrich has suggested Gaza could become a "real estate bonanza," proposing a US partnership to develop the territory after the recent war. He claims a business plan is under consideration by President Trump, involving what he terms a post-demolition rebuilding phase. This idea, previously condemned internationally and involving potential Palestinian displacement, has resurfaced despite widespread destruction in Gaza, estimated to cost $53.2 billion to rebuild. Smotrich's comments follow a UN report concluding Israel committed genocide in Gaza, a claim Israel denies.

Prepared by Lauren Mitchell and reviewed by editorial team.