Palestine: Economy

Domestic

Multiple, sometimes competing, plans for Gaza's reconstruction are under discussion, though significant obstacles persist. A new Palestinian committee has been formed to manage Gaza's economy, while a separate proposal involves a $1 billion international board to oversee rebuilding. On the ground, severe shortages of basic goods and car parts affect Gaza, while the West Bank faces a separate economic crisis. Concurrently, new cement factories are being planned to supply reconstruction, with one proposal suggesting the use of war debris to create a new coastline.

International

The most prominent international proposal comes from Jared Kushner, who unveiled a detailed plan to rebuild Gaza as a luxury economic hub with skyscrapers, an airport, and a waterfront, at a potential cost of $30 billion. This is part of a broader 'Board of Peace' initiative, for which Donald Trump is reportedly seeking $1 billion payments from countries for permanent seats, including threatening France with tariffs to secure its participation. Other nations are advancing separate efforts: the United Arab Emirates plans to fund a 'planned community' in southern Gaza, Germany emphasizes Palestinian centrality in plans, and Palestine's foreign minister has cited India as a potential major partner. Egypt has reported billions in economic losses due to the war. Meanwhile, an Israeli official proposed using Palestinian Authority funds for rubble clearance, and some aid efforts face banking obstacles, pushing donors toward cryptocurrency. Diplomatically, Egypt called for conditions enabling Gaza's recovery at Davos, while the Czech Republic stated it cannot afford the proposed $1 billion board membership fee.