Washington, United States — Billions of dollars in pledges have been secured for the rebuilding of Gaza following the first official meeting of the newly established Board of Peace on Thursday.
United States President Donald Trump led the inaugural session, announcing that nine member countries — from several wealthy Arab state members — have committed nearly seven billion dollars in combined assistance.
On the other hand, the United States will contribute an additional ten billion dollars to the effort.
To outline the recovery plan, the Board presented a structured timeline.
Under the framework, Gaza is expected to be largely rebuilt within three years, with a target of transitioning to self-governance in year 10.
Initial reconstruction efforts will focus on Rafah in southern Gaza.
The plan calls for the construction of 100,000 homes and invest in key infrastructure such as roads, utilities, and public services.
In the longer term, the goal is to build up to 400,000 housing units across the territory.
Other modernization projects include upgrading telecommunications services and establishing a modern logistics network.
Part of the funding will also go toward humanitarian relief.
In addition to this, several member states have pledged troops for a proposed International Stabilization Force (ISF) aimed at maintaining security in Gaza.
The force is set to begin deployment in Rafah before expanding sector by sector.
The long-term security plan envisions up to 20,000 ISF troops and the training of 12,000 local police officers.
The Board of Peace was created under a US-led peace framework initially aimed at overseeing the reconstruction of Gaza following the war between Israel and the militant group Hamas.
More than 20 member states are part of this initiative.
Meanwhile, Trump also voiced confidence that Hamas would eventually disarm under the broader peace framework, warning that failure to do so would carry serious consequences.