Devastated Gaza will need over $70 billion to rebuild, international report warns
Summary
A report from the United Nations, European Union, and World Bank says Gaza will need more than $70 billion over the next ten years to rebuild after the damage caused by over two years of fighting. The conflict began after Hamas attacked Israel on October 7, 2023, leading to war in the Gaza area.Key Facts
- Gaza has suffered serious destruction from fighting that lasted more than two years.
- The report was issued by the UN, the EU, and the World Bank.
- They estimate the rebuilding cost will be over $70 billion.
- The conflict started after Hamas attacked Israel on October 7, 2023.
- The war took place in the Palestinian territory known as Gaza.
- The rebuilding effort will likely take about ten years.
- The report highlights the need for major international support to restore Gaza.
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