GENEVA: More than $71 billion will be needed over the next decade for recovery and reconstruction in war-ravaged Gaza, according to an EU-UN assessment published Monday. After more than two years of Israel&#39;s war in the Palestinian territory, &quot;recovery and reconstruction needs are estimated at around $71.4 billion&quot;, said the final Gaza Rapid Damage and Needs Assessment developed by the United Nations and the European Union, in coordination with the World Bank.

Middle East

More than $71 billion will be needed over the next decade for recovery and reconstruction in war-ravaged Gaza, according to an EU-UN assessment published Monday

Over $71B needed over next decade to rebuild Gaza: UN-EU assessment

Reuters

GENEVA: European and Arab nations, Canada and the US appear willing to contribute to the estimated $70 billion needed to rebuild Gaza, a UN official said on Tuesday, adding that the two-year war there had produced rubble equal to 13 times the pyramids of Giza. Jaco Cilliers, an official at the United Nations Development Programme, said Israel&#39;s war against Hamas had generated at least 55 million tons of rubble and that it could take decades for Gaza to fully recover. &quot;We&#39;ve heard very positive news from a number of our partners, including European partners... Canada&quot; regarding their willingness to help, he told a press conference, adding that there were also discussions with the United States. Since a ceasefire deal came into effect in Gaza, large numbers of Palestinians have returned to the ruins of their homes in the coastal territory. Huge swathes of Gaza have been reduced to a wasteland by Israeli bombardment over two years that killed some 68,000 people, according to Gaza health authorities. A large part of the destruction is in Gaza City, scene of some of the fiercest fighting. About 83% of all building structures there have been damaged, according to the United Nations Satellite Centre (UNOSAT). UNDP said it had already cleared some 81,000 tons of rubble from the Gaza Strip and was continuing to do so. Israel launched its offensive after Hamas-led militants attacked the country on October 7, 2023, killing 1,200 people and taking 251 hostages, according to Israeli tallies. Hamas freed the last living Israeli hostages from Gaza on Monday under the ceasefire deal and Israel sent home busloads of Palestinian detainees, as US President Donald Trump declared the end of the two-year-long war.

Palestinians carry belongings past destroyed buildings in Gaza City, Sunday, Oct. 12, 2025, after Israel and Hamas agreed to a pause in their war and the release of the remaining hostages. (AP)

European and Arab countries, along with Canada and the US, have expressed willingness to support Gaza’s $70 billion reconstruction following two years of conflict that devastated infrastructure and caused heavy casualties.

Articles tagged with "Gaza reconstruction"

Over $71B needed over next decade to rebuild Gaza: UN-EU assessment

UN says countries are willing to help fund Gaza's $70 bln reconstruction