US-backed Board of Peace unveils US$2.5bil Gaza recovery plan
The proposal covers temporary housing, debris recovery and infrastructure such as public transport, alongside other efforts towards economic recovery.
US President Donald Trump's Board of Peace unveiled a US$2.45 billion Gaza recovery plan on Wednesday at a meeting in New York. The initiative, set to span six months, aims to rebuild the Palestinian territory damaged by Israeli airstrikes since Hamas' October 2023 attack. The plan covers 66 projects, including temporary housing, debris recovery, infrastructure development, and economic recovery efforts.
Board representative Nickolay Mladenov emphasized the need for support, acknowledging the politically sensitive nature of discussions with Israel, particularly amid the country's upcoming elections. Attendees included Trump's envoy Steve Witkoff and son-in-law Jared Kushner. The proposal calls for demilitarization in Gaza, contingent on Hamas relinquishing its weapons and withdrawing from the Israeli front.
Despite a US-brokered ceasefire in October 2025, Israel has persisted in airstrikes and restricted the delivery of reconstruction materials. Israeli Prime Minister Benjamin Netanyahu maintains control over 60% of the Gaza Strip. The UN estimates the total damage in Gaza at US$35.2 billion, with a required recovery cost of US$71.4 billion.
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- US-backed Board of Peace unveils US$2.5bil Gaza recovery plan freemalaysiatoday.com
