UN: Gaza reconstruction to cost $53 billion

The United Nations has presented a report stating that the reconstruction of the Gaza Strip after the military operations will cost $53 billion.

Of the mentioned amount, $22.5 billion will be needed in the first three years of reconstruction, Caliber.Az reports via Israeli media.

"In the current situation, an accurate assessment of the sector's needs is impossible. However, the preliminary estimate indicates that the reconstruction and recovery efforts in Gaza will require enormous resources," said UN Secretary-General António Guterres.

According to the document, in 2024, the Gaza economy shrank by 83%, and unemployment reached 80%. Seventy-four per cent of the enclave's population lives below the poverty line, compared to 38% at the end of 2023.

The report highlights two immediate priorities: protecting civilians from the effects of military operations and ensuring basic needs, including uninterrupted access to humanitarian aid.

Let's note that the path to Gaza's reconstruction is fraught with challenges, including the removal of an estimated 50 million tons of rubble, restoration of critical infrastructure, and addressing political complexities. The international community continues to deliberate on effective strategies to rebuild Gaza while respecting the rights and aspirations of its residents.

Egypt has announced its intention to offer a "comprehensive proposal" for rebuilding Gaza, emphasizing that Palestinians should remain on their land. This initiative reflects Egypt's commitment to collaborating with international partners to secure a comprehensive and just peace in the region.

U.S. President Donald Trump has proposed an ambitious plan to transform Gaza into the "Riviera of the Middle East." This plan involves relocating approximately 2 million Palestinians to neighbouring countries such as Egypt and Jordan, followed by extensive redevelopment of the area under U.S. oversight. The proposal has been met with significant opposition from Palestinians and neighbouring Arab states, who view it as unfeasible and offensive.

By Khagan Isayev