Key Takeaways
- The U.S. is reportedly planning a controversial reconstruction project in Gaza, termed GREAT Trust, amid ongoing violence and allegations of genocide against Israel.
- The plan involves relocating Palestinian inhabitants to develop high-tech cities over a 10-year trusteeship, with financial incentives including cash payments and digital tokens for land ownership.
- The initiative is expected to cost between $70 billion and $100 billion in public investment, with significant private funding anticipated, primarily benefiting Israel.
U.S. Plans for Gaza’s Reconstruction Amid Ongoing Conflict
The U.S. is associated with a proposed reconstruction effort in Gaza, known as the Gaza Reconstitution, Economic Acceleration and Transformation Trust (GREAT Trust). This plan, revealed by The Washington Post, suggests relocating Gaza’s two million Palestinians to create high-tech smart cities, aligning with prior statements from the Trump administration about turning Gaza into a prosperous region.
The plan outlines a trusteeship, where Palestinians would be “temporarily relocated” for at least ten years. Those who choose not to leave would be placed in “restricted, secured zones.” Property owners would receive cryptocurrency tokens in exchange for redevelopment rights, with each Palestinian relocating granted a $5,000 cash payment, four years of rent assistance, and a year’s worth of food.
The envisioned smart cities would include residences, commercial areas, and essential facilities like hospitals and schools, along with advanced manufacturing hubs. Once the reconstruction is complete, displaced Gazans could return and redeem their land tokens for ownership of new apartments valued at $75,000 each.
Interestingly, while the scheme suggests no immediate U.S. government funding will be necessary, it estimates requiring $70 billion to $100 billion in public investment, attracting an additional $35 billion to $65 billion in private investment. Some of this funding is anticipated to come from state-backed entities in Saudi Arabia. The State Department declined to comment on the authenticity of the leaked prospectus.
The plan coincides with a significant humanitarian crisis, with the Gaza death toll surpassing 60,000, and a considerable number of those casualties being women and children. Critics have also noted that Israel has reportedly killed more journalists in recent years than any major conflicts throughout history, raising concerns about potential genocide, as voiced by top genocide scholars. This reconstruction initiative has ignited debates about ethics, governance, and the future of Gaza amid ongoing violence and suffering for its inhabitants.
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