Scenes of jubilation in both Rabin Square and Gaza City as two nations free themselves from the shackles of internecine violence and political dogma in a combined joint effort for a new vibrant Palestinian state to exist side by side and economically interdependent with an existing Israel.

Palestinian parties in the West Bank, East Jerusalem and Gaza unite in show of co-operation as both Arab and Jewish Israelis hail a new beginning of economic and political growth. Shares climb to record highs in Tel Aviv and New York as the shekel rises against both dollar and euro.

Plans unveiled for new international airport in Gaza and a new deep water port on the Mediterranean to handle imports and exports to Europe and around the world and the expected influx of tourists and pilgrims to a safer Holy Land.

Gaza to be completely rebuilt into a modern, wired metropolis that will vie with Dubai as both a destination and a hub for international tourists whilst offering the advantage of better, year-round climatic conditions. International construction and civil engineering companies to tender for multimillion dollar building contracts as architects around the world submit designs – also for a city metro system as well as comprehensive passenger and port facilities.

Investment monies have already started to pour in in expectation of future profits from the envisaged new trading and tourist centre of the Middle East and plans have been dusted off for a new university in Gaza City to take up to one thousand students from around the Middle East and the Gulf.

The new Knesset envisages its defence budget to be cut by 50% by December 2016 leading to a substantial increase in public expenditure on capital projects. Standard of living index expected to rise substantially in coming years, as a result.

Past wars and enmities to become just a memory as wounds heal as the political parties work in coalition for a hugely profitable and stable future in the ancient land of former Palestine.

The new state will be expected to join the United Nations within a few weeks and will take its place as a full member with all the attendant privileges and responsibilities.

Finally, the UN will be asked to declare the entire Middle East, including Israel, Palestine and Iran as a Nuclear Weapons Free Zone (NWFZ).