U.S. officials are circulating a $112 billion, 10-year proposal to redevelop war-ravaged Gaza into a high-tech “smart city” with luxury resorts, according to a report by the New York Post.

The plan, dubbed “Project Sunrise,” was drafted by Jared Kushner, U.S. special envoy Steve Witkoff and two White House aides and is being pitched to potential investor countries through a 32-slide PowerPoint presentation.

The proposal envisions phased reconstruction featuring luxury hotels, high-speed rail and AI-optimized infrastructure along Gaza’s Mediterranean coastline.

The U.S. would “anchor” up to $60 billion through grants and debt guarantees to help raise private funds, the reports said. Slides describe tech-driven governance, including a chief digital office and innovation lab.

The proposal does not specify investors or detail how Gaza’s roughly 2 million residents would be housed during construction. U.S. officials cited by the Journal expressed skepticism, noting the plan would require Hamas to disarm.

Witkoff recently met with officials from Egypt, Turkey and Qatar to discuss next steps tied to the cease-fire’s second phase.

Read more at the New York Post.