GREAT Trust Gaza Reconstruction: Companies, Funding

The GREAT Trust Gaza reconstruction plan is a 38-page prospectus, formally the “Gaza Reconstitution, Economic Acceleration and Transformation” Trust, that circulated in Trump administration circles in 2025. It proposes a US-led trusteeship and a $70–100 billion public investment program. As of Oct. 2, 2026, none of the sources reviewed shows it was formally adopted, funded or built.

Key facts

What it is: a slide-deck-style proposal for a US-led “custodianship” of Gaza, ten “mega projects” and a land-trust financing model, according to the document published by The Washington Post. Some outlets write “Reconstruction”; the deck itself says “Reconstitution.”
Who wrote it: Israeli businessmen led by Michael Eisenberg and Liran Tancman, with financial modeling by a team then working for Boston Consulting Group, The Washington Post reported. BCG disavows the work.
Proposed funding: $70–100 billion public and $35–65 billion private investment; the deck says it “does not rely on donations.” These are projections, not commitments.
Official cost estimate: $71.4 billion over a decade, per the World Bank/UN/EU assessment released April 20, 2026.
Current status: the separate Board of Peace unveiled a $2.45 billion, six-month recovery plan on Sept. 23, 2026, with $18 billion pledged and $280 million delivered, the BBC reported.
Companies: BCG, the Tony Blair Institute, the Gaza Humanitarian Foundation and the deck’s authors are tied to it. Corporate logos shown in the deck, including Tesla, IKEA and TSMC, are not evidence of participation.

What the GREAT Trust Gaza reconstruction plan proposes

The deck, titled “The GREAT Trust: From a Demolished Iranian Proxy to a Prosperous Abrahamic Ally,” describes a custodianship that could start as a US–Israel bilateral agreement once Hamas is disarmed and evolve into a multilateral trusteeship. Israel would keep “overarching rights” over security. Authority would pass to a “reformed” Palestinian polity after a multi-year transition, possibly under a Compact of Free Association.

The ten mega projects include a Rafah logistics hub, a “Gaza Trump Riviera & Islands,” datacenters, six to eight planned “smart cities,” and an “Elon Musk Smart Manufacturing Zone.” Two highways are named for Saudi Crown Prince Mohammed bin Salman and UAE President Mohammed bin Zayed, as The Guardian noted.

Its financing idea is a Gaza Land Trust. Public land, which the deck puts at 30%-plus of the territory, would be leased to the Trust for 25 to 99 years and could be tokenized on a blockchain. Gazans could contribute private land in exchange for a token redeemable for housing. The deck also offers “voluntary” relocation packages of $5,000 per person plus subsidized rent, and assumes about 25% of residents leave. AFP reported that the outline calls for at least temporary relocation of the whole population, either abroad or into secured zones inside Gaza.

Who is named: companies and entities

The table lists only what sources report. Funding figures appear only where a source gives one; most entities have none.

Entity	Reported role	Source	Funding figure reported
Boston Consulting Group (BCG)	A team working for BCG did financial modeling for the deck. BCG says two former partners acted without authorization, “disavows” the work and was not paid.	Washington Post; BCG statement	None; BCG says it was not paid
Tony Blair Institute for Global Change	Two staff joined calls and a message group; a TBI “Gaza Economic Blueprint” circulated. TBI denies authoring or endorsing the deck.	Guardian (citing the FT); CNN	None reported
Michael Eisenberg (co-founder, Aleph venture firm)	Reported co-lead of the group behind the deck; declined to comment to WIRED. Aleph as a firm is not reported to have a role.	WIRED; Washington Post	None reported
Liran Tancman (tech entrepreneur)	Reported co-lead; declined to comment. Deck metadata matches his name, per WIRED.	WIRED; Washington Post	None reported
Gaza Humanitarian Foundation (GHF)	Deck assigns it aid delivery and temporary housing, then folding under the Trust. GHF denies helping develop the deck and ended operations Nov. 24, 2025.	WIRED; Guardian	Deck figures: $10.8B temporary housing, $6–10B donor-funded life-saving needs (projections)
Safe Reach Solutions; UG Solutions	GHF’s on-the-ground US contractors; not reported as GREAT Trust parties.	WIRED	None reported
Tesla, Amazon Web Services, TSMC, IKEA, IHG, Constellis, G4S (28 logos in all)	Logos appeared beside proposed construction, security and investment roles. IKEA, TSMC, IHG and G4S said they were not involved; Tesla, Amazon and Constellis did not respond.	WIRED	None; deck projects $12B advanced manufacturing and $1B datacenter private investment
Board of Peace	Separate Trump-chaired body overseeing Gaza’s transition; not officially tied to the deck.	AP; BBC	$7B pledged by nine members plus a $10B US pledge (Feb. 19, 2026)

A person with knowledge told WIRED the deck was a form of market research showing which companies could contribute, not which had agreed to anything.

GREAT Trust funding: projections versus commitments

The deck’s model totals roughly $97 billion of Trust investment and about $36 billion of private investment over ten years. It projects a $324 billion asset value and more than $4.5 billion in annual Trust revenue by year ten. These are the authors’ own projections. The deck names no funder, saying only that Arab and other countries would “ideally” invest. No Gulf state, US agency or company has publicly committed money to the GREAT Trust in the sources reviewed.

Money has gone to the Board of Peace instead. At its Feb. 19 launch, AP reported nine members pledged $7 billion: Kazakhstan, Azerbaijan, the UAE, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan and Kuwait. Trump also announced a $10 billion US pledge without saying where it would come from; AP noted Congress would need to authorize it. The National reported in June that a World Bank-supervised reconstruction fund had received no money and that the administration had begun notifying Congress of an initial $250 million. The Guardian reported the EU’s Palestine Donor Group raised €883 million and that the board was negotiating for part of $11 billion in withheld Palestinian funds, which the Palestinian Authority rejects.

Gaza reconstruction cost: official estimates

The joint Rapid Damage and Needs Assessment by the World Bank, UN and EU puts recovery and reconstruction needs at $71.4 billion over ten years, including $26.3 billion in the first 18 months. It estimates $35.2 billion in physical damage and $22.7 billion in economic and social losses, and says more than 371,000 housing units were destroyed or damaged. The World Bank-hosted report says it does not propose implementation arrangements, and the EU and UN call for Palestinian-led recovery. The GREAT Trust deck is not like-for-like: it adds security, relocation and commercial projects.

Governance: Board of Peace, pilots and status

The Board of Peace was created under Trump’s 20-point plan and endorsed by the UN Security Council in November 2025, according to The National. Jared Kushner sits on its executive board, and Nickolay Mladenov is high representative for Gaza. BBC reported that Eisenberg is now a Board of Peace member. At Davos on Jan. 22, 2026, Kushner presented a “New Gaza” master plan with 180 coastal towers and a “New Rafah” of 100,000-plus housing units, the BBC reported.

Carnegie analyst Zaha Hassan argues that the GREAT Trust and later plans inform the board’s activities. That is her analysis, not an official acknowledgment. The National reports the administration says it has no plans to relocate Palestinians.

Implementation has stalled. The Guardian reported in July that the full plan shrank to a small pilot camp near Rafah, and Axios reported the $2.45 billion plan depends on Israeli and Hamas cooperation and on Israel’s Oct. 27 election. For related Boston Report coverage, see Israel’s Sept. 28 claim to have killed a Hamas commander and the risk of broader economic isolation from settlement boycotts.

Criticism and reactions

Hamas political bureau member Bassem Naim said “Gaza is not for sale,” and another official said no details had been communicated to the group, AFP reported. Gazans interviewed by AFP were split: two called the plan “nonsense” or a failure, while one said he would back it if it ended the fighting.

Analysts at Arab Center Washington DC, a Washington think tank, called the plan a “blueprint for dispossession” that denies Palestinian agency. The Tony Blair Institute said it opposes any plan to make Gazans leave. BCG called the work unauthorized. Egyptian and Arab League positions specific to this deck were not found in sources reviewed; Arab states did condemn the earlier “Riviera” idea, AFP reported. Of the Board of Peace’s pilot, Ehud Olmert called it a “concentration camp” in the making, while board officials say residents will be free to move.

What is not confirmed

Whether the White House adopted the deck. No formal decision was announced after the Aug. 27, 2025 meeting.
Who “TF,” the third initial on the deck, is.
Any named investor, Gulf government or company committing to the Trust.
Whether the deck’s corporate logos reflect any contact. Respondents told WIRED they had none.
The size of pledges: the BBC says $18 billion; The Guardian cited $17 billion in July.

FAQ: GREAT Trust Gaza reconstruction

What does GREAT stand for?

The deck says Gaza Reconstitution, Economic Acceleration and Transformation; many outlets use “Reconstruction.”

Is the GREAT Trust official US policy?

Not according to sources reviewed. It was discussed at a White House meeting, but no readout or decision was announced.

Which companies are involved?

BCG’s modeling team and the Tony Blair Institute’s staff are reported participants, though both dispute their roles. Companies whose logos appeared denied involvement when asked.

How much would rebuilding Gaza cost?

The World Bank, UN and EU estimate $71.4 billion over ten years. The deck models about $133 billion, including security and commercial projects.

Who is paying?

No one has publicly funded the GREAT Trust. The Board of Peace has $18 billion in pledges and $280 million delivered, per the BBC.