Egypt has proposed a $53 billion plan to rebuild Gaza and install Palestinian Authority control, but it faces significant obstacles. The plan, dubbed “Gaza 2030,” was accepted by Arab states led by Egypt but rejected by the White House and Israel.
The plan outlines a three-stage process to be completed over the next seven years, with costs of $3 billion for the first phase, $20 billion for the second phase, and $30 billion for the third phase. The proposal aims to establish an administration to manage Gaza’s affairs during a transitional phase, followed by the establishment of the Palestinian National Authority.
The plan has been criticized for omitting key answers on issues such as governance, Hamas’ future in Gaza, and funding. Experts say that it “dodges the two biggest questions” regarding Hamas’ willingness to disarm and Israel’s acceptance of a unified Palestinian Authority.
Israel has slammed the proposal, saying it fails to address the realities of the situation following October 7th, 2023, and instead promotes an outdated perspective. The White House has also rejected the plan, citing concerns over Gaza’s current uninhabitable state.
Despite the rejection, Arab states have announced plans to establish a trust fund to receive financial pledges for the purpose of implementing early recovery and reconstruction projects. An international conference on early recovery reconstruction in Gaza is scheduled to take place this month in Cairo.
The proposal has been welcomed by Hamas, which sees it as containing “positive elements” and a roadmap suitable for implementation. However, questions remain over how or if Hamas will agree to disarm and whether Israel will accept the plan’s proposals.
Source: https://www.cnbc.com/2025/03/06/obstacles-in-egypts-53-billion-plan-to-rebuild-gaza-install-palestinian-authority-control.html