The United Nations estimates that rebuilding Gaza will require a staggering $53.142 billion, with $20.568 billion needed in the first three years alone.¹ This massive investment is necessary to address the “humanitarian catastrophe” caused by the ongoing conflict between Israel and Hamas.
The UN report breaks down the estimated costs into several sectors:
- Housing: $15.2 billion, due to the destruction of over 60% of homes in Gaza
- Commerce and Industry: $6.9 billion
- Health: $6.9 billion
- Agriculture: $4.2 billion
- Transport: $2.9 billion
- Water and Sanitation: $2.7 billion
- Education: $2.6 billion
- Environmental Sector: $1.9 billion, due to the massive debris and unexploded ordnance
The report emphasizes the need for a “political and security framework” to be established, allowing for recovery and rebuilding to begin, and paving the way for a political process to end the Israeli occupation and establish a two-state solution.
Source: Vanguard
