Media: Gaza's $38 billion reconstruction plan ready for Arab League summit talks

The reconstruction of Gaza is expected to cost $38 billion under a plan drafted in Egypt, which Arab League leaders are set to discuss at a summit in Cairo on March 4.

The plan outlines a two-phase reconstruction process, with the first stage lasting two years and the second taking two and a half years, according to an official document seen by Al Hadath, Caliber.Az reports.

As stated in the document, the majority of the funding would be allocated to rebuilding housing, with temporary accommodation provided in several cities across the Palestinian enclave during the reconstruction period.

Regarding governance, Egypt has proposed the establishment of an independent technocratic committee to oversee administration for six months. The plan also includes provisions for Egypt and Jordan to train Palestinian police forces ahead of their deployment in Gaza.

Meanwhile, Arab leaders are convening in Cairo on March 4 to discuss an alternative to a controversial proposal from US President Donald Trump to assume control of Gaza and displace its Palestinian population. The Arab League summit will focus on rebuilding the war-torn territory, with Egypt leading efforts to create a plan that would avoid displacing Gazans.

This comes after Israeli Prime Minister Benjamin Netanyahu voiced support for Trump's plan, calling it "visionary and innovative." The proposal has faced widespread condemnation from Palestinians, the Arab world, and many international partners, including the United States and Israel.

A source within the Arab League revealed that foreign ministers met in Cairo on March 3 to prepare a plan for Gaza's reconstruction, which would be presented to Arab leaders on March 4. The plan includes the establishment of a Governance Assistance Mission to temporarily replace Hamas, manage humanitarian aid, and oversee reconstruction.

The summit is expected to be attended by heads of state, including Egypt’s President Abdel Fattah al-Sisi and Bahrain's King Hamad bin Issa Al Khalifa, who will give opening remarks.

By Aghakazim Guliyev