Gaza’s reconstruction depends on Hamas’ disarmament: Cypriot-Israeli businessman

By Gokhan Ergocun

ISTANBUL (AA) - A massive redevelopment project aimed at rebuilding Gaza for future generations relies entirely on the full disarmament of the Palestinian group Hamas, Cypriot-Israeli businessman Yakir Gabay said Thursday at the inaugural meeting of the US-led Board of Peace in Washington, DC.

The ambitious initiative begins with the removal of 70 million tons of rubble, unexploded ordnance and hundreds of miles of underground tunnels.

He said the plan will provide fast temporary housing for the population while simultaneously initiating the construction of permanent homes and essential infrastructure.

The detailed master plan encompasses the development of modern schools, hospitals, manufacturing and agriculture sectors, transportation networks including roads and trains, and water and energy plants, according to Gabay.

Israel’s attacks on Gaza since October 2023 caused widespread destruction in Gaza, with public institutions such as hospitals and schools suffering extensive damage or being completely destroyed.

Gabay asserted that the reconstruction will also feature logistic hubs, telecommunication and tech data centers and sports facilities as well as a new seaport and airport.

"We line up many regional contractors who build housing for millions of people in the Middle East; they will join the massive redevelopment with competitive pricing," he said.

Gabay confirmed that the necessary funding is already secured.

He emphasized that the local population will actively build their own cities, a process expected to create hundreds of thousands of jobs and revive the devastated economy.

"The Gaza coastline is 26 miles (41 kilometers) long. It can be developed as a new Mediterranean Riviera with 200 hotels and potential islands.

"The value goes to the Gazans through the Gaza sovereign fund," he added.