Donald Trump has announced his Board of Peace has reached a "historic" agreement to secure the complete disarmament of Hamas and all other armed groups operating in Gaza.
The US President hailed the deal as a "monumental step" towards lasting peace and security in the war-torn territory.
Announcing the agreement on Truth Social, Mr Trump wrote: "This agreement is a critical step towards Gaza finally being governed by a new Palestinian Government that will work closely with the Board of Peace to help the Palestinian people.
"At the same time, Israel will have the security it deserves, with Gaza no longer used as a base for terror attacks."
Mr Trump said the agreement marked a "major milestone" in the implementation of his 20-point peace plan.
Unveiled at the White House in September, the proposal sets out a roadmap to end the conflict between Hamas and Israel, alongside plans for Gaza's future security, governance and reconstruction.
The US President said the disarmament agreement would be implemented in "carefully structured phases".
"As disarmament is completed, Israeli forces will withdraw, and the International Stabilisation Force will work with a new Palestinian police force to take responsibility for Gaza being safe for its residents and its neighbours," he added.
Mr Trump said the agreement marked a 'major milestone' in the implementation of his 20-point peace plan
| GETTYMr Trump thanked Egypt, Qatar and Turkey for mediating the agreement before reflecting on how, just 12 months ago, Gaza was embroiled in "a violent raging war, humanitarian crisis and hostages kept in brutal captivity".
Hailing the "historic progress", the US President acknowledged there was "still much work to do".
He continued: "The threat that emerged from Gaza on October 7 will not be allowed to rebuild.
"Under this agreement, Gaza will finally be in the hands of a new Palestinian Government that serves its people.
CONFLICT IN THE MIDDLE EAST - READ MORE:
Hamas has not yet commented publicly on the agreement
| GETTY"Congratulations to all on this amazing development, that everybody said could never be achieved."
Hamas has not yet commented publicly on the agreement.
Two US officials told Axios that Hamas had agreed to the terms of the deal - but Israeli officials are said to be deeply skeptical over whether the terror group will follow through with its commitments.
The Board of Peace is an international transitional body chaired by Mr Trump and was established under his 20-point peace plan.
The Board of Peace is an international transitional body chaired by Mr Trump and was established under his 20-point peace plan
|GETTY
It oversees a technocratic Palestinian committee responsible for the territory's day-to-day administration and public services, while coordinating Gaza's reconstruction and international funding until a reformed Palestinian Authority is considered ready to assume control.
Sir Tony Blair has been appointed to the board's founding executive, which is tasked with leading long-term peace efforts in the Middle East.
He will serve alongside US Secretary of State Marco Rubio, special envoy to the Middle East Steve Witkoff and Mr Trump's son-in-law, Jared Kushner.
The US President previously described the group as "the greatest and most prestigious board ever assembled at any time, any place".
Sir Tony will also sit on the Gaza Executive Board, which will advise the territory's newly established interim government.