A group of Israeli businessmen presented a new project concept for Gaza called the 'Great Trust' aimed at economic development in the region.
Concept of the 'Great Trust'
The 'Great Trust' project envisions establishing a fund where all public land in Gaza will be placed to encourage economic growth. The goal is to sell public land as tokenized assets on the blockchain. Gazans will be able to exchange privately owned property for tokens, granting them rights to permanent living space.
Plans for 'Trump Riviera' and 'Elon Zone'
According to the Financial Times, the concept also includes economic zones like the 'Trump Riviera' with artificial islands and the 'Elon Musk Smart Manufacturing Zone'. These zones are envisioned to have tax benefits and blockchain-based trade initiatives, as well as a seaport linking Gaza to the India–Middle East–Europe economic corridor. Plans to establish manufacturing facilities for American electric vehicle companies that would assemble cars and export them to Europe are also outlined.
Additional Projects and Companies
The presentation lists a total of ten mega projects, including new cities in Gaza, roadway infrastructure, and a new port. Logos of companies like Tesla and Amazon were included, indicating potential investor interest, although these companies were not involved in discussions.
The 'Great Trust' project showcases ambitious plans for transforming Gaza in the post-war era. However, its implementation faces significant challenges, including the question of voluntary relocation among Palestinians.
