Gaza reconstruction needs exceed $50 billion, report finds

A recent assessment by the United Nations, European Union, and World Bank indicates that over $50 billion will be required to rebuild Gaza and the West Bank following the Israel-Hamas conflict. The report estimates a total of $53.2 billion needed for recovery over the next decade, including $20 billion in the first three years. In response, Egypt's President Abdel Fattah al-Sisi is set to discuss a potential Arab reconstruction plan in Riyadh, which could involve up to $20 billion in contributions from regional nations. This initiative aims to counter a controversial U.S. proposal under the previous administration to displace Palestinians from Gaza, a move that has been widely rejected in the region. The Arab plan seeks to establish a national Palestinian committee to govern Gaza without Hamas and ensure international involvement in reconstruction. Arab leaders will further discuss this plan before presenting it at an upcoming summit in Cairo.