The United Nations, European Union, and World Bank have assessed that Gaza needs $53.2 billion for reconstruction over the next decade, following $49 billion in damages from Israel's conflict. The housing sector was the most affected, with $15.2 billion required to rebuild destroyed residential properties. The urgency for funding is high, and coordination among multiple donors will be necessary, with $20 billion needed in the first three years to kickstart recovery efforts, as Gaza's 2 million residents seek stability after extensive displacement and destruction.
The Gaza & West Bank Interim Rapid Damage and Needs Assessment estimates $53.2 billion is required over 10 years for recovery in Gaza following extensive destruction from Israel's conflict.
UN, EU and World Bank reports highlight that $49 billion in damage occurred from October 2023 to October 2024, with a pressing need for immediate funding.
Most damage occurred to housing, accounting for 53% of destruction, necessitating $15.2 billion to rebuild the residential stock lost during the conflict.
A diverse coalition of donors and innovative financing solutions will be essential for successful reconstruction efforts to support the 2 million residents still affected.
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