Trump says over $5 billion in funds for Gaza will be pledged at Board of Peace summit

Jacob Magid is The Times of Israel's US bureau chief

US President Donald Trump speaks with the media in the Oval Office of the White House in Washington, DC, February 3, 2026 (SAUL LOEB / AFP)
US President Donald Trump speaks with the media in the Oval Office of the White House in Washington, DC, February 3, 2026 (SAUL LOEB / AFP)

US President Donald Trump says over $5 billion in pledges toward the reconstruction of Gaza will be announced at Thursday’s Washington meeting of the Board of Peace.

The Times of Israel first revealed the planned donations last week, with two Arab diplomats saying that the US was aiming to announce donations from the United Arab Emirates, Qatar, and Kuwait at around $1.25 billion each. The New York Times reported that the US is also planning on making a similar donation.

Trump says in a Truth Social post that the Thursday meeting will also see countries announce plans to contribute “thousands of personnel to the International Stabilization Force (ISF) and local police to maintain security and peace for Gazans.”

“Very importantly, Hamas must uphold its commitment to full and immediate demilitarization,” Trump says.

Hamas officials have denied ever making such a commitment and have pledged to hold on to their weapons.

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