Common Dreams

09/01/2025

The White House is “circulating” a plan to transform a substantially depopulated Gaza into US President Donald Trump’s vision of a high-tech “Riviera of the Middle East” brimming with private investment and replete with artificial intelligence-powered “smart cities.”

That’s according a 38-page prospectus for a proposed Gaza Reconstitution, Economic Acceleration, and Transformation (GREAT) Trust obtained by The Washington Post and published in a report on Sunday. Parts of the proposal were previously reported by the Financial Times.

The GREAT Trust allocates $6 billion for temporary housing for Palestinians who remain in Gaza and $5 billion for those who relocate.

The proposal projects huge profits for investors—nearly four times the return on investment and annual revenue of $4.5 billion within a decade. The project would be a boon for companies ranging from builders including Saudi bin Laden Group, infrastructure specialists like IKEA, the mercenary firm Academi (formerly Blackwater), US military contractor CACI—which last year was found liable for torturing Iraqis at the notorious Abu Ghraib prison—electric vehicle manufacturer Tesla, tech firms such as Amazon, and hoteliers Mandarin Oriental and IHG Hotels and Resorts.

Central to the plan are 10 “megaprojects,” including half a dozen “smart cities,” a regional logistics hub to be build over the ruins of the southern city of Rafah, a central highway named after Saudi Crown Prime Mohammed bin Salman—Saudi Arabia and other wealthy Gulf states feature prominently in the proposal as investors—large-scale solar and desalinization plants, a US data safe haven, an “Elon Musk Smart Manufacturing Zone,” and “Gaza Trump Riviera & Islands” similar to the Palm Islands in Dubai.

In addition to “massive” financial gains for private US investors, the GREAT Trust lists strategic benefits for the United States that would enable it to “strengthen” its “hold in the east Mediterranean and secure US industry access to $1.3 trillion of rare-earth minerals from the Gulf.”

Earlier this year, Trump said the US would “take over” Gaza, American real estate developers would “level it out” and build the “Riviera of the Middle East” atop its ruins after Palestinians—”all of them”—leave Palestine’s coastal exclave. The president called for the “voluntary” transfer of Gazans to Egypt and Jordan, both of whose leaders vehemently rejected the plan.

“Voluntary emigration” is widely considered a euphemism for ethnic cleansing, given Palestinians’ general unwillingness to leave their homeland.