Occupied Palestine (QNN)- Far-right Israeli Finance Minister Bezalel Smotrich said Israel has shared a “business plan” with the Trump administration to turn the Gaza Strip into a “real estate bonanza”. According to several Israeli news outlets, Smotrich said at an urban renewal conference in Tel Aviv on Wednesday that Israel had carried out “the first phase of urban renewal” by demolishing Gaza, and it was now working on a plan to start rebuilding it. “We have paid a lot of money for this war. We have to see how we are dividing up the land in percentages,” Smotrich said, adding that “the demolition, the first stage in the city’s renewal, we have already done. Now we need to build.” He added, “There is a business plan, put together by the most professional people here, that is on President Trump’s desk.” The far-right minister said the opportunity “pays for itself,” and he has “already started negotiations with the Americans.” Smotrich’s comments came months after President Donald Trump announced in February that the US would “take over” the Gaza Strip and turn it into the “Riviera of the Middle East”, while forcibly displacing Palestinians to other countries. At the time, he said he envisioned “world people living there. The world's people. I think you'll make that into an international, unbelievable place.” Trump’s plan was met with international outcry at the time, including from Palestinians, the Arab world and most of the international community. In July, Smotrich spoke at a Knesset conference called “The Gaza Riviera – from vision to reality,” at which participants presented plans for reestablishing illegal Israeli settlements in the Gaza Strip. There, he said that Gaza would become an “inseparable part of the State of Israel.” In July, Smotrich claimed that his vision has Trump’s backing. Trump himself has also placed less focus on such plans while Israeli officials have continued to promote it. However, seven months later, a post-war Gaza plan circulating in Washington at the beginning of September showed proposals to turn the enclave into a Dubai-like, revenue-generating hub using mass surveillance, population displacement, and land appropriation. The fleshed-out proposal brought Trump's purported "Gaza Riviera" plans to life, including world-class resorts and artificial islands, with Palestinians being paid $5,000 per person to leave their land. The reconstruction proposal of Gaza was first reported by The Financial Times and then published in full by The Washington Post. It was reportedly led by Michael Eisenberg, an Israeli-American venture capitalist, and Liran Tancman, an Israeli tech entrepreneur and former military intelligence officer. The duo was part of an informal group of Israeli officials and business people that first conceived of the widely discredited Gaza Humanitarian Foundation in late 2023.