EU and UN estimate Gaza’s reconstruction will cost €65.7bn over a decade
A final assessment by the EU, UN and World Bank puts Gaza’s recovery and reconstruction needs at $71.4 billion (€65.7 billion) over the next decade, with $26.3 billion (€24.2 billion) needed in the first 18 months. The scale matters for European donors and policymakers: the assessment says rebuilding depends on sustained security, humanitarian access and the movement of people, goods and reconstruction materials.
Bottom line — The EU and UN say the €65.7bn plan depends on access, security and Palestinian-led governance.
Go deeper 6
-
The EU and UN assessment puts physical damage at $35.2 billion (€32.4 billion) and economic and social losses at $22.7 billion (€20.9 billion).
-
The assessment says more than 371,888 housing units have been destroyed or damaged, over half of hospitals are non-functional and nearly all schools are damaged or destroyed.
-
According to the EU and UN, Gaza’s economy has contracted by 84%, while human development has been set back by an estimated 77 years.
-
The assessment estimates that 1.9 million people have been displaced, often more than once, and that over 60% of the population has lost their homes.
-
The EU and UN say debris clearance, explosive ordnance management and protection of housing and land rights are prerequisites for reconstruction.
-
The EU and UN call for recovery to be Palestinian-led and link Gaza’s reconstruction with a pathway to Palestinian statehood.