The 38-page prospectus, titled the Gaza Reconstitution, Economic Acceleration and Transformation Trust (GREAT Trust), outlines proposals for temporarily relocating Gaza’s population of more than two million either abroad or into tightly controlled secure zones during reconstruction.

The plan calls for residents to exchange property rights for digital “land tokens,” which could be redeemed for apartments in six to eight proposed AI-powered smart cities or cashed out to help establish a new life elsewhere. Investor-driven “mega-projects”—from electric vehicle factories and data centers to high-rise residences and beach resorts—would fund reconstruction, aiming to deliver a fourfold return on an estimated $100 billion investment over ten years.

Sources familiar with the effort said the proposal was developed by some of the same Israeli entrepreneurs who helped establish the U.S.- and Israeli-backed Gaza Humanitarian Foundation (GHF), which is currently distributing food in the Strip. Financial modeling was conducted by staff formerly with Boston Consulting Group (BCG), though the firm later dismissed two partners involved after concluding they had acted without authorization.

The White House has not confirmed whether the GREAT Trust reflects official policy. However, Trump hosted a closed-door meeting last week with Secretary of State Marco Rubio, envoy Steve Witkoff, former British Prime Minister Tony Blair, and adviser Jared Kushner to explore postwar options.

The proposal comes amid a crowded field of competing visions for Gaza’s future. Arab states have backed an Egyptian-led plan involving technocrats and Palestinian Authority officials, while the Biden administration supported a temporary UN-backed administration before leaving office.

Israeli Prime Minister Benjamin Netanyahu has rejected Palestinian statehood and insists Israel will maintain security control, but has offered no detailed governance model beyond disarming Hamas. Some of his far-right coalition partners openly call for permanent Israeli annexation.

In a parallel development, Israel’s Diplomatic-Security Cabinet was set to meet Sunday evening to review war plans in Gaza, but the more pressing question before ministers is how to respond to growing international moves to recognize a Palestinian state.

According to reports in Axios, Israel Hayom, and Walla News, the Netanyahu government is considering annexing parts of Judea and Samaria (known internationally as the West Bank) as a countermeasure, with options ranging from partial sovereignty in the Jordan Valley to full annexation of Area C—some 60 percent of the territory currently under Israeli control.

Strategic Affairs Minister Ron Dermer has been quietly advancing a plan limited to the Jordan Valley, arguing it could win bipartisan support in Washington. But settler leaders and several right-wing coalition partners are demanding broader annexation, with some calling for sovereignty over all Jewish settlements and their access roads.

The urgency stems from a coordinated effort by Australia, Canada, France, and the United Kingdom to recognize a Palestinian state at the United Nations General Assembly later this month. France and Saudi Arabia are also preparing to announce their recognition at a joint conference on the sidelines of the gathering.

Nearly 150 countries already recognize Palestinian statehood. In response, Washington has revoked visas for senior Palestinian Authority officials—including President Mahmoud Abbas—who had planned to attend the UN session.

Trump’s Vision for Gaza

President Donald Trump has previously described Gaza as a “phenomenal location” and the potential “Riviera of the Middle East.” Earlier this year, he emphasized the need to rebuild the strip “in a different way.”

Last week, Trump hosted a private meeting with Secretary of State Marco Rubio, envoy Steve Witkoff, former UK Prime Minister Tony Blair, and adviser Jared Kushner to explore postwar options. No official readout was issued, but Witkoff told reporters the administration has “a very comprehensive plan.”

Competing Visions

The GREAT Trust enters a crowded field of proposals. Arab states back an Egyptian-led initiative involving technocrats and the Palestinian Authority. The United Nations previously supported a temporary international administration. Meanwhile, Israeli Prime Minister Benjamin Netanyahu has rejected Palestinian statehood, proposing only continued Israeli security control.

Two U.S. officials told Axios it was unlikely President Trump would endorse Israeli annexation plans outright, though some Israeli officials believe he may yet be persuaded as frustration mounts with European governments.

In July, Israel’s Knesset passed a symbolic resolution declaring Judea and Samaria an inseparable part of the state, signaling widespread political support for sovereignty but leaving the timing and scope of any move in Netanyahu’s hands.