Over $71 bln required over next decade to rebuild Gaza: UN, EU

Over $71 bln required over next decade to rebuild Gaza: UN, EU
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Over $71 billion will be needed over the next decade for recovery and reconstruction in war-ravaged Gaza, according to an EU-UN assessment published by Al Arabiya English.

In their final Gaza Rapid Damage and Needs Assessment (RDNA), the United Nations and the European Union said that more than two years of war in the Palestinian territory “has led to unprecedented loss of life and a catastrophic humanitarian crisis.”

Much of Gaza — including schools, hospitals and other civic infrastructure — has been reduced to rubble by a withering Israeli military offensive.

Gaza is under a fragile ceasefire agreed last October, which followed two years of devastating conflict sparked by the October 7, 2023 Hamas attack on Israel.

According to the RDNA, some 371,888 housing units have been destroyed or damaged, more than 50 percent of hospitals in the territory are non-functional and nearly all schools have been destroyed or damaged.

At the same time, 1.9 million people — nearly Gaza’s entire population — have been displaced, often multiple times, and more than 60 percent of the population had lost their homes, the assessment found.