Cost of rebuilding Gaza will be at least $53 billion, UN estimates

More than $53 billion will be required to rebuild Gaza and end the “humanitarian catastrophe” that has gripped the territory after some 15 months of war between Israel and the Hamas terror group, including $20 billion in the first three years, according to a United Nations estimate released today.

“While it has not been possible in the current environment to fully assess the totality of needs that will be required in Gaza, the interim assessment offers an early indication of the enormous scale of recovery and reconstruction needs in the Gaza Strip,” UN Secretary-General Antonio Guterres says in a report.

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