An Arab summit convened in Cairo has adopted an Egyptian plan for the reconstruction of Gaza, Egypt’s President Abdel-Fattah el-Sissi says during a closing statement.
The plan would cost $53 billion, Reuters reports.
Egyptian president Abdel Fattah al-Sisi said that the proposal had been accepted at the closing of a summit in Cairo.
The plan aims to counter US President Donald Trump’s proposals for a “Middle East Riviera” by presenting a scheme for rebuilding the devastated Strip without displacing its population.
It is unclear if Israel or the United States would accept the Egyptian plan.
Any reconstruction funding would require heavy buy-in from oil-rich Gulf Arab states such as the United Arab Emirates and Saudi Arabia, which have the billions of dollars needed.
The UAE, which sees Hamas and other Islamists as an existential threat, wants an immediate and complete disarmament of the terror group, while other Arab countries advocate a gradual approach, a source close to the matter told Reuters.
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