Israeli Minister Smotrich Calls Gaza a 'Real Estate Bonanza'
Israeli Finance Minister Bezalel Smotrich has sparked controversy by describing the Gaza Strip as a 'real estate bonanza,' revealing plans for its development and division.
GazaReal EstateIsraelSmotrichControversyReal Estate NewsSep 20, 2025
Speaking at a real estate conference in Tel Aviv on Wednesday, September 18, Smotrich revealed that Israel is in discussions with the United States (US) about dividing and developing the war-torn territory into a profitable venture.
“There’s a business plan — listen to me carefully — there’s a business plan set by the most professional people there is and it’s on President Trump’s table,” Smotrich stated. “This thing can turn into a real estate bonanza. I’m not kidding; it pays off.”
He went on to explain that Israel had already completed the “demolition phase” in Gaza, referring to the destruction of existing infrastructure, and that the cost of reconstruction would be significantly lower.
The Palestinian Foreign Ministry quickly condemned Smotrich’s statements, labelling them a sign of “moral and political bankruptcy.” The Ministry criticised Israel for continuing its siege and military operations, which have caused significant humanitarian suffering in Gaza. They also urged the international community to intervene to protect Palestinian civilians and halt Israeli actions in the region.
Smotrich’s comments follow similar remarks made by Itamar Ben-Gvir, Israel’s National Security Minister, who on Monday, September 15, announced plans to build a “wonderful neighbourhood” for Israeli police officers in Gaza following the conclusion of Israel’s current military operations.
The idea of turning Gaza into a lucrative development project aligns with remarks made earlier this year by Donald Trump, the US President, who described the possibility of a US takeover of Gaza, suggesting it could be transformed into a “Riviera of the Middle East.” Reports also revealed a plan circulated within the Trump administration that proposed placing Gaza under US control for at least ten years, with the aim of turning it into a major tourist and technology hub.
Frequently Asked Questions
What did Israeli Finance Minister Bezalel Smotrich call Gaza?
Smotrich described the Gaza Strip as a 'real estate bonanza,' suggesting it could be developed into a profitable venture.
What are the plans for Gaza according to Smotrich?
Smotrich revealed that Israel is in discussions with the United States about dividing and developing the Gaza Strip, with a business plan set by professionals and endorsed by President Trump.
How did the Palestinian Foreign Ministry react to Smotrich’s statements?
The Palestinian Foreign Ministry condemned Smotrich’s statements, calling them a sign of 'moral and political bankruptcy' and urging the international community to protect Palestinian civilians.
What is Itamar Ben-Gvir's plan for Gaza?
Itamar Ben-Gvir, Israel’s National Security Minister, announced plans to build a 'wonderful neighbourhood' for Israeli police officers in Gaza after the current military operations conclude.
What did Donald Trump suggest about Gaza?
Donald Trump suggested the possibility of a US takeover of Gaza, proposing to transform it into a 'Riviera of the Middle East' and a major tourist and technology hub.
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