Bezalel Smotrich at a news conference in the occupied West Bank last month. Menahem Kahana/AFP/Getty Images

Israeli finance minister Bezalel Smotrich has described Gaza as a potential real estate “bonanza” and claimed he was talking to the United States about how to divide up the war-torn enclave.

Speaking at the Urban Renewal Summit in Tel Aviv on Wednesday, the far-right minister said that Israel and the US had “paid a lot of money for the war, so we need to share percentages on the land sales in Gaza.”

Smotrich also said he had already started negotiations with the US on how to divide Gaza, claiming there was a business plan on the matter sitting “on President (Donald) Trump’s desk.”

CNN has reached out to the White House for comment.

“We have done the demolition phase, which is

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