UN Estimates $53 Billion Needed to Rebuild Gaza After Extensive Destruction
Over 60% of Gaza's housing has been destroyed, with reconstruction costs projected at $20 billion for the first three years.
- The United Nations has estimated that rebuilding Gaza after more than a year of war will require $53.1 billion, with $20.6 billion needed in the short term over the next three years.
- Housing reconstruction will account for 30% of the total cost, as over 60% of homes in Gaza have been destroyed since October 2023.
- Other key sectors requiring significant funding include commerce and industry ($6.9 billion), healthcare ($6.9 billion), and agriculture ($4.2 billion).
- Environmental recovery costs are expected to reach $1.9 billion due to over 50 million tons of debris, including unexploded ordnance, asbestos, and other hazardous materials.
- UN Secretary-General Antonio Guterres has emphasized the importance of integrating Gaza's recovery into a broader political framework, advocating for its role within a sovereign Palestinian state.