Chicago – February 19, 2025
Reconstruction efforts in Gaza will require more than $50bn after 15 months of Israel’s devastating war, according to a new assessment by the United Nations, the European Union and the World Bank.
The figures come as Arab countries continue to scramble to find a viable recovery plan as an alternative to the mass displacement of the Palestinian enclave’s 2 million residents proposed by United States President Donald Trump.
The Gaza & West Bank Interim Rapid Damage and Needs Assessment (IRDNA), published on Tuesday, calculated that Israel’s war on Gaza caused $49bn in destruction between October 8, 2023 and October 8, 2024.
Researchers concluded that $53.2bn is now needed for the recovery and reconstruction of the Palestinian territory over the next 10 years, with about $20bn of the full amount required in the first three years alone.
“Funding will require a broad coalition of donors, diverse financing instruments, private sector resources, and significant improvements in the delivery of reconstruction materials to Gaza in the post-conflict period,” the joint report states.
