Over $71 bn needed to rebuild Gaza, say UN, EU

More than $71 billion will be needed over the next decade for recovery and reconstruction in war-ravaged Gaza, as disclosed by an EU-UN assessment published Monday.

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

“Recovery and reconstruction needs are estimated at around $71.4 billion,” expressed the assessment, developed in coordination with the World Bank.

Much of Gaza—including schools, hospitals and other civic infrastructure—has been reduced to rubble by a withering Israeli military offensive following the unprecedented Hamas attack on October 7, 2023.

The final assessment determined that $26.3 billion would be required in the first 18 months to restore essential services, rebuild critical infrastructure and support economic recovery.

“Physical infrastructure damages are estimated at $35.2 billion, with economic and social losses amounting to $22.7 billion,” a joint statement mentioned.

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.

That attack resulted in the deaths of 1,221 people Israel, mostly civilians, in the words of official Israeli figures tallied by AFP. Palestinian militants also abducted 251 hostages.

The retaliatory Israeli military campaign has lost their lives more than 72,000 people in Gaza, also mostly civilians, in the words of the Hamas-run territory’s health ministry whose figures the United Nations considers reliable.

as confirmed by 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.

Gaza’s economy has contracted by 84 percent, it remarked.

“The scale and extent of deprivation across living conditions, livelihoods/income, food security, gender equality, and social inclusion, have pushed back human development in the Gaza Strip by 77 years,” the assessment remarked.