Egypt's top diplomat has laid bare the staggering cost of rebuilding Gaza, revealing that a staggering $70 billion is required to restore the war-torn Palestinian territory. In an exclusive interview with CBS News, Ambassador Tamim Khallaf shed light on the intricacies of the ceasefire and hostage release deal brokered by the Trump administration.
Khallaf acknowledged the pivotal role Egypt played in mediating these critical negotiations, which ultimately led to a fragile peace agreement. However, as the extent of damage in Gaza becomes increasingly clear, officials are now scrambling to estimate the true cost of reconstruction. According to Khallaf's estimates, the Palestinian territory is likely to require a massive injection of funds – approximately $70 billion – to bring it back from the brink of collapse.
The scale of destruction in Gaza has been dire, with widespread infrastructure damage and critical shortages of basic necessities such as food, water, and medical supplies. The economic and humanitarian implications are equally concerning, with many Palestinians facing severe hardship and uncertainty about their future.
Egypt's foreign minister has vowed to play a key role in supporting the reconstruction efforts, both financially and diplomatically. As the international community grapples with the scale of this challenge, Khallaf's candid admission serves as a stark reminder of the immense task ahead – one that requires urgent action from governments and humanitarian organizations worldwide.
Khallaf acknowledged the pivotal role Egypt played in mediating these critical negotiations, which ultimately led to a fragile peace agreement. However, as the extent of damage in Gaza becomes increasingly clear, officials are now scrambling to estimate the true cost of reconstruction. According to Khallaf's estimates, the Palestinian territory is likely to require a massive injection of funds – approximately $70 billion – to bring it back from the brink of collapse.
The scale of destruction in Gaza has been dire, with widespread infrastructure damage and critical shortages of basic necessities such as food, water, and medical supplies. The economic and humanitarian implications are equally concerning, with many Palestinians facing severe hardship and uncertainty about their future.
Egypt's foreign minister has vowed to play a key role in supporting the reconstruction efforts, both financially and diplomatically. As the international community grapples with the scale of this challenge, Khallaf's candid admission serves as a stark reminder of the immense task ahead – one that requires urgent action from governments and humanitarian organizations worldwide.
! I mean, I get it, Gaza needs help, but come on, can't we just scale back our expectations for once? 
A few billion wouldn't go amiss, would it? 
And what's with the infrastructure damage? Can't people just fix things themselves? 
I'm not saying it's that easy, but it feels like a lot of money for a bunch of holes in the ground. 
! I guess it's good that Egypt is stepping up to the plate, though 
. It's amazing how one person can make such a big difference in the world, right? Ambassador Khallaf seems like a total hero 
. And I'm not gonna lie, it's kinda reassuring that there are still people in power who care about solving problems and making things better 
. Plus, maybe this is an opportunity for the international community to come together and show some serious solidarity 
? Fingers crossed, right? 
.
. The fact that Khallaf has been open about the cost is actually kind of refreshing – it's not often we get such candid talk from diplomats 
.
Guess who gets to foot the bill? 
. But at the same time, I'm thinking how are they gonna get this money? It's not like it just magically appears out of thin air 
. And what about the Palestinians themselves? They're already struggling so much, I can only imagine how hard it must be for them to figure out how to get their lives back together after all this devastation 
.
. I mean, I'm all for getting aid flowing ASAP 
, but $70 billion just seems so... massive 
u cant even build a new school for every single kid in gaza with that kinda cash...and its not just about physical damage, mental health & emotional trauma r also HUGE 
the economic situation 2 is so dire, its gonna be a long road 2 recovery 
... $70 billion to rebuild Gaza? It's like trying to put out a fire with gasoline - it's not going to work! 
. We need the international community to step up and help these innocent people NOW 
. It's not just about money, it's about empathy and compassion 
. Can we really do any less? 
. We gotta do better, fam 
. It's wild that Egypt's playin' a big role in the reconstruction efforts, but we need more support from the international community too 
what about the people who will be living there? how are they going to pay for food water and electricity? we need to think beyond just rebuilding 
i cant even imagine how much work and resources are needed to rebuild gaza its not just about throwing money at it tho, we need to think about sustainable solutions too 
what if we could repurpose some of the existing infrastructure instead of building from scratch? and what about the economy? $70billion sounds like a lot, but is it even enough considering the long-term effects on employment and trade?