The USA will take over the Gaza Strip and we will do a job with it too. We will own it, says Trump at a joint press conference in Washington with Israel's Prime Minister Benjamin Netanyahu.
Trump says that the war-torn Gaza Strip, home to more than two million Palestinians, could become the "Riviera of the Middle East".
I see a long-term ownership position, Trump responds to a question about how he views the USA's future role in the region.
Does not rule out soldiers
Trump emphasizes that his plan for Gaza will promote stability in the region and adds:
This is not an easy decision.
Everyone I've talked to loves the idea of the USA owning that piece of land, he continues.
He does not rule out sending American soldiers to maintain security in Gaza either.
When it comes to Gaza, we will do what is necessary. If it is necessary, we will do it, says Trump in response to a reporter's question.
"Change history"
Netanyahu says in turn that Trump's plan for Gaza can "change history" and further that Trump is the "greatest friend Israel has ever had".
Trump said earlier on Tuesday that the Gazans should permanently leave the strip for countries like Egypt and Jordan.
It's impossible to live in Gaza now. We should find somewhere where they can be happy. A beautiful place, where they are not killed or shot or stabbed, he said, with the Israeli Prime Minister nodding in agreement.
Negotiations on ceasefire
Yesterday, Hamas stated that negotiations on phase two of the fragile ceasefire in Gaza have begun. The terrorist-listed group says that Trump's statement is a recipe for creating chaos in the region.
Egypt and Jordan have rejected Trump's proposal to move Palestinians from Gaza to their countries.
They, like other countries in the Middle East, have warned that a move of Palestinians from Gaza would threaten stability in the region, expand the conflict, and undermine international efforts to achieve a two-state solution.