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Under the proposal, the US would take control after "voluntary" relocation of Palestinians from the strip, where proposed projects include an Elon Musk Smart Manufacturing Zone and Gaza Trump Riviera & Islands.
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.
"Gaza can transform into a Mediterranean hub for manufacturing, trade, data, and tourism, benefiting from its strategic location, access to markets... resources, and a young workforce all supported by Israeli tech and [Gulf Cooperation Council] investments," the prospectus states.
However, to journalist Hala Jaber, the plan amounts to "genocide packaged as real estate."
Here comes the Gaza Network State.A plan to turn Gaza into a privately-developed “gleaming tourism resort and high-tech manufacturing and technology hub” with “AI-powered smart cities” and “Trump Riviera” resortgift link:wapo.st/4g2eATo
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— Gil Durán (@gilduran.com) August 31, 2025 at 10:18 AM
The GREAT Trust was drafted by some of the same Israelis behind the controversial Gaza Humanitarian Foundation (GHF), whose aid distribution points in Gaza have been the sites of deliberate massacres and other incidents in which thousands of aid-seeking Palestinians have been killed or wounded.
According to the Post, financial modeling for the GREAT Trust proposal "was done by a team working at the time for the Boston Consulting Group"—which played a key role in creating GHF. BCG told the Post that the firm did not approve work on the trust plan, and that two senior partners who led the financial modeling were subsequently terminated.
The GREAT Trust envisions "a US-led multirlateral custodianship" lasting a decade or longer and leading to "a reformed Palestinian self-governance after Gaza is "demilitarized and de-radicalized."
Josh Paul—a former US State Department official who resigned in October 2023 over the Biden administration's decision to sell more arms to Israel as it waged a war on Gaza increasingly viewed by experts as genocidal—told Democracy Now! last week that Trump's plan for Gaza is "essentially a new form of colonialism, a transition from Israeli colonialism to corporate" colonialism.
The GREAT Trust contains two proposals for Gaza's more than 2 million Palestinians. Under one plan, approximately 75% of Gaza's population would remain in the strip during its transformation. The second proposal involves up to 500,000 Gazans relocating to third countries, 75% of them permanently.
The prospectus does not say how many Palestinians would leave Gaza under the relocation option. Those who choose to permanently relocate to other unspecified countries would each receive $5,000 plus four years of subsidized rent and subsidized food for a year.
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.
According to a May survey by the Palestinian Center for Policy and Survey Research, nearly half of Gazans expressed a willingness to apply for Israeli assistance to relocate to other countries. However, many Gazans say they would never leave the strip, where most inhabitants are descendants of survivors of the Nakba, the ethnic cleansing of more than 750,000 Palestinians during the creation of Israel in 1948. Some are actual Nakba survivors.
"I'm staying in a partially destroyed house in Khan Younis now," one Gazan man told the Post. "But we could renovate. I refuse to be made to go to another country, Muslim or not. This is my homeland."
The Post report follows a meeting last Wednesday at the White House, where Trump, senior administration officials, and invited guests including former UK Prime Minister Tony Blair, investor and real estate developer Jared Kushner—who is also the president's son-in-law—and Israeli Minister of Strategic Affairs Ron Dermer discussed Gaza's future.
While Dermer reportedly claimed that Israel does not seek to permanently occupy Gaza, Israeli leaders including Prime Minister Benjamin Netanyahu—who is wanted by the International Criminal Court for alleged crimes against humanity and war crimes including murder and forced starvation in Gaza—have said they will conquer the entire strip and keep at least large parts of it.
"We conquer, cleanse, and stay until Hamas is destroyed," Israeli Finance Minister Bezalel Smotrich recently said. "On the way, we annihilate everything that still remains."
The Israel Knesset also recently hosted a conference called "The Gaza Riviera–from vision to reality" where participants openly discussed the occupation and ethnic cleansing of the strip.
The publication of the GREAT Trust comes as Israeli forces push deeper into Gaza City amid a growing engineered famine that has killed at least hundreds of Palestinians and is starving hundreds of thousands of more. Israel's 696-day assault and siege on Gaza has left at least 233,200 Palestinians dead, wounded, or missing, according to the Gaza Health Ministry—whose casualty figures are seen as a likely undercount by experts.
Like the ruthless tycoons of yore, his business practices are unethical, he has amassed a vast fortune on the backs of his workers, and he has brutally stifled competition and controlled markets.
With all the fawning coverage of Jeff Bezos’ storybook $50 million Venetian wedding, the news media lost sight of fact that Bezos—the third-richest person in the world—is hardly worthy of veneration. He’s been exploiting Amazon workers for years.
Historians have drawn parallels between the Gilded Age of the late 19th century and what we are experiencing today. Like the first Gilded Age, Gilded Age 2.0 is marked by increasing economic inequality, the concentration of wealth in the hands of a few, and a rise in populism and social unrest.
Jeff Bezos fits the profile of a latter-day robber baron to a T. Like the ruthless tycoons of yore, his business practices are unethical, he has amassed a vast fortune on the backs of his workers, and he has brutally stifled competition and controlled markets.
With their manifestly unsafe working conditions, Amazon warehouses are a 21st-century version of a Gilded Age sweatshop. Despite the company’s claims that it protects its workforce, an 18-month investigation released last December by a Senate committee led by Sen. Bernie Sanders (I-Vt.) found that the nation’s second-largest private-sector employer risks its workers’ health and safety by prioritizing speed and profit, and it is doing quite well on that score. Last year, the company outpaced Walmart, the largest private-sector employer, by netting $59.2 billion—a 95 percent increase from 2023.
“Amazon forces workers to operate in a system that demands impossible rates and treats them as disposable when they are injured,” Sanders said in a statement. “It accepts worker injuries and their long-term pain and disabilities as the cost of doing business.”
Based on Amazon’s own data, the Senate committee found its warehouses recorded 30 percent more injuries in 2023 than the warehousing industry average and that the company systematically underreported injuries to hide the fact that its facilities are significantly more dangerous than that of other companies. It also found that Amazon workers, who represent about 29 percent of the U.S. warehousing industry workforce, were nearly twice as likely to be injured as other company warehouse workers in each of the previous seven years.
The committee, which contacted nearly 500 former and current Amazon employees, also uncovered evidence that Amazon is aware that its oppressive productivity demands are causing frequent injuries. The company drafted plans to lower injury rates but never implemented them because it feared they would undercut profits.
Bezos, who stepped down as Amazon’s CEO in 2021 but remains the company’s executive chairman and biggest shareholder, paid himself a salary of $81,840 in 2020 and earned $1.6 million in compensation. That may not seem so excessive, but he makes the bulk of his money from stock. All told, between 2023 and this year, he made about $8 million an hour.
By contrast, Amazon’s 1.2 million warehouse workers are just scraping by. They make anywhere from $8.41 to $20.19 an hour, according to data compiled by Zip Recruiter. Their average hourly rate—$16.35—amounts to only $34,000 a year.
Roughly half of nearly 1,500 Amazon warehouse workers surveyed in the spring of 2024 by the Center for Urban Economic Development (CUED) at the University of Illinois Chicago reported that they struggle to afford enough food or a place to live. A third of them had to rely on public assistance, mainly in the form of SNAP benefits.
“Many Amazon associates cannot pay their bills, they can’t afford proper housing,” one survey respondent told CUED researchers. “Some of my coworkers have been forced out of their homes. We are stuck in a nightmare, living in an economy that puts no cap on worker exploitation, while our wages can’t keep up with the increase in our cost of living. This cycle has to stop.”
Most of the Amazon warehouse workers’ attempts to unionize have been squelched by the company, which spent more than $17 million on anti-union consultants from 2022 through 2023. In 2021, a labor activist group, the Congress of Essential Workers, founded the Amazon Labor Union (ALU), which successfully organized an 8,300-person warehouse on Staten Island in March 2022. ALU affiliated with the Teamsters Union in June 2024, but to date, no other warehouses have been unionized.
Since 2000, lawsuits by government authorities and private parties have cost Amazon (including Whole Foods) more than $283 million for a range of violations, notably consumer protection, employment, environment, government contracting, and workplace safety offenses, according to data compiled by Good Jobs First, a nonprofit group that promotes government and corporate accountability. Nearly 60 percent (101) of the 173 violations in those five categories involved workplace safety.
Amazon warehouse and delivery operation violations since 2020 are staggering.
Will the Trump regime be as aggressive as previous administrations in prosecuting Amazon for its labor infractions? Given the efforts by Bezos and Amazon to curry favor with Donald Trump, probably not.
Amazon donated $1 million to Trump’s inaugural fund, and in January, it was widely reported that the company will pay a whopping $40 million to license an upcoming documentary about Melania Trump to be released in theaters and streamed on Prime Video. The first lady will serve as executive producer.
In February, Trump nominated Amazon’s former senior safety executive, David Keeling, to head OSHA. During Keeling’s tenure at Amazon, the company was cited numerous times for failing to meet the OSHA requirement “to furnish a place of employment which was free from recognized hazards that were causing or likely to cause death or serious physical harm to employees,” according to the Department of Justice. (The Senate has yet to confirm his nomination.)
Since then, Bezos has gone even further to placate Trump. In late April, Punchbowl News reported that Amazon planned to display on its website how much Trump’s tariffs are inflating the price of each product. In response, White House Press Secretary Karoline Leavitt called it “a hostile and political act” and Trump phoned Bezos to complain. Bezos backed down immediately.
Then there’s what Bezos has been doing to wreck one of the top newspapers in the country—The Washington Post—which he bought in 2013. But that’s a column for another day.
Suffice it to say, the rap sheet on Bezos is long—and damning. Like his fellow robber barons of the day, Elon Musk and Mark Zuckerberg, he is not a man who deserves our reverence. Uncritical worship of billionaires like Bezos just may exacerbate an already dangerous level of social inequality. So let’s not go gaga over Bezos’ grandiosity.
This article first appeared at the Money Trail blog and is reposted here at Common Dreams with permission.
"We're just citizens who started organizing and we managed to move one of the most powerful people in the world," said one protest organizer.
Amazon.com founder Jeff Bezos and Lauren Sánchez on Tuesday relocated their upcoming lavish Venice wedding celebration, a move cheered as an "enormous victory" by protesters whose recent demonstrations in the northeastern Italian city have highlighted the socioeconomic and climate damage caused by billionaires.
Bezos—who is currently the world's fourth-richest person, according to lists published by Bloomberg and Forbes—is set to marry Sánchez, a journalist, later this week, and the couple is planning to celebrate the occasion with a three-day extravaganza costing an estimated $46-56 million, according to Reuters.
Around 90 private jets are scheduled to land in area airports and local yacht harbors are fully booked, underscoring the climate and environmental impact on a city struggling to survive on one of myriad frontlines of the planetary emergency.
"We are very proud of this! We are nobodies, we have no money, nothing!"
The nuptial celebration has been relocated from the Scuola Grande della Misericordia to the Arsenale di Venezia, a historic fortified palace about 3 kilometers (1.8 miles) away from the original location. Officials cited concerns for the security of guests including several members of U.S. President Donald Trump's family.
Members of groups including No Space for Bezos, Greenpeace Italy, and Everyone Hates Elon—which targets Elon Musk, the world's richest person—have staged a series of demonstrations, including one on Monday at which protesters laid out a massive banner with Bezos' face and the message "If You Can Rent Venice for Your Wedding You Can Pay More Tax" in Piazza San Marco.
Responding to the celebration's relocation, Tommaso Cacciari of No Space for Bezos told the BBC Wednesday: "We are very proud of this! We are nobodies, we have no money, nothing!"
"We're just citizens who started organizing and we managed to move one of the most powerful people in the world," Cacciari added.
Wedding-related festivities are set to kick off Thursday evening, and city officials have blocked off parts of central Venice. While some residents have welcomed the money and fanfare the event will bring to a city with a long and storied history of oligarchs and opulence, others bristle at what they see as the transformation of their home into a playground for the superrich.
"There's only one thing that rules now: money, money, money, so we are the losers," Venice resident Nadia Rigo told Reuters. "We who were born here have to either move to the mainland or we have to ask them for permission to board a ferry. They've become the masters."
In the United States, critics contrasted the stratospheric cost of Bezos' celebration with the multicentibillionaire's history of personal and corporate tax dodging—and the hyper-capitalist system that enables it.
"Jeff Bezos is worth $230 billion and is reportedly spending $20 million on a three-day wedding in Venice while sailing around on his $500 million yacht," former U.S. Labor Secretary Robert Reich said Wednesday on the social media site X. "If he can afford to do that, he can afford a wealth tax and to pay Amazon workers a living wage. Hello?"
This is oligarchy. This is obscene.While 60% live paycheck to paycheck & kids go hungry, Jeff Bezos, worth $230 billion, goes to Venice on his $500 million yacht for a $20 million wedding & spends $5 million on a ring while his real tax rate is just 1.1%.End this oligarchy.
— Senator Bernie Sanders (@sanders.senate.gov) June 24, 2025 at 9:04 AM
While No Space for Bezos organizers are celebrating their victory and have canceled plans to fill Venice's canals with inflatable crocodiles in a bid to block celebrity guests from accessing the Scuola Grande della Misericordia, they said they still plan on protesting the festivities by holding a "No Bezos, No War" rally and march.
"It will be a strong, decisive protest, but peaceful," Federica Toninello of the Social Housing Assembly network told Euronews Wednesday. "We want it to be like a party, with music, to make clear what we want our Venice to look like."