Egypt, Arab Leaders Launch $53 Billion Gaza Reconstruction Plan

Chinese Foreign Minister Wang Yi expressed support for the peace restoration plan for Gaza initiated by Egypt and other Arab nations, emphasizing that Gaza is an inseparable part of Palestinian territory and urging a comprehensive ceasefire and humanitarian aid. Palestinian President Mahmoud Abbas announced at an Arab League summit that the Palestinian Authority (PA) would regain control of Gaza as part of the post-war plan, which involves restructuring security forces and establishing a transitional administrative committee. Hamas spokesman Hazem Qassem stated that any reconstruction plan must be accepted by the Palestinian people and criticized external forces dictating Gaza's future. The Arab leaders adopted a $53 billion reconstruction strategy aimed at rebuilding Gaza without displacing its residents, countering U.S. proposals for the region. This plan includes oversight by independent Palestinian technocrats until the PA reassumes authority over Gaza, with significant financial backing expected from Gulf states. The collaborative efforts underscore the necessity of national consensus among Palestinian factions for effective governance and reconstruction.