DAVOS, Switzerland (Dispatches) – At least $15 billion will be needed to rebuild houses in Gaza, the head of the Palestine Investment Fund said on Wednesday, underlining the scale of devastation caused by the Zionist regime’s onslaught.
Chairman Mohammed Mustafa said international reports indicated 350,000 housing units had been completely or partially damaged in Gaza. Assuming 150,000 of these would need to be rebuilt at an average cost of $100,000 per unit, “that’s $15 billion for housing units”, he said.
“We still didn’t talk about infrastructure, we didn’t talk about the hospitals that were damaged, the grids...,” he said at the World Economic Forum in Davos.
The figure points to reconstruction costs that will dwarf previous bills for rebuilding Gaza after earlier conflicts, with the war not yet over more than three months since it began.
Following a 2014 war by the Zionist regime, which lasted seven weeks and killed 2,100 Palestinians, Qatar spent over $1 billion on housing and relief projects in Gaza.
The occupying regime has laid waste to much of the territory in a campaign which health authorities in Gaza say has killed 24,448 people since Oct. 7.
Figures released by the media office in Gaza show more than 360,000 housing units have sustained severe or partial damage, and more than 70,000 have been completely destroyed.
Mustafa said the Palestinian leadership would, in the short-term, continue to focus on humanitarian aid including food and water but eventually the focus would shift to reconstruction.
The war has driven most of Gaza’s 2.3 million people from their homes, some of them several times, and caused a humanitarian crisis, with food, fuel and medical supplies running low.
“If the war in Gaza continues, more people are likely to die of hunger or famine than war,” Mustafa said.
The first steps should be to bring food, medicine, water and electricity back to the besieged enclave, he added.
U.S. Secretary of State Antony Blinken said on Tuesday Arab countries were not keen to get involved in the rebuilding of Gaza if the enclave will be “leveled” again in a few years.
Mustafa said the reconstruction effort would be huge and the financial needs significant. He also said money would not solve Gaza’s problem, adding that it needed a political solution.