President Donald Trump is reportedly weighing a sweeping postwar plan for Gaza that would place the territory under American trusteeship for a decade, rebuild the enclave through massive public and private investment, transform it into a Middle Eastern tourism and economic hub, and offer Palestinians voluntary relocation packages to help them restart their lives.

The initiative, called the Gaza Reconstitution, Economic Acceleration and Transformation (GREAT) Trust, envisions the temporary relocation of Gaza’s more than two million residents, large-scale reconstruction projects, and long-term political and economic transformation to stabilize…

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