The US wants a partnership with Dubai in rebuilding Gaza? There's a lot of money in the game
Representatives of Donald Trump's Peace Council held talks with DP World on the management of supply chains and other infrastructure projects in the Gaza Strip, the Financial Times found. The talks focused on the possibility of Dubai's state-owned corporation partnering with the Peace Council to manage much of the logistics of humanitarian aid and other goods delivered to the devastated Palestinian enclave.
There have also been other ideas to commission a company from the United Arab Emirates, a large global player in the container transport and port terminals market, to build a new port in the Gaza Strip or on the nearby Egyptian coast – writes “FT”.
According to the draft seen by the FT, the “vision” of the DP World venture would be to create a “secure and traceable supply chain system” and a “port-based economic ecosystem”, combined with other light industries and “job-generating trading platforms”.
The Trump administration established the Peace Council in January, a body composed of several dozen heads of state. It was established with the original purpose of overseeing the plan to end the conflict and rebuild Gaza after much of the enclave was destroyed by Israel in the two years of war that followed the Hamas attack on October 7, 2023.
Officials working on the US plan anticipate obtaining tens of billions of dollars to transform the enclave into a futuristic center filled with modern infrastructure and “shining skyscrapers,” writes “FT.”
However, reconstruction has not yet started and the humanitarian situation remains dire. Israel continues to impose restrictions on the entry of essential goods into the Strip.
According to a joint report by the EU, the UN and the World Bank published on Monday, the Palestinian enclave will need $71.4 billion. for reconstruction over the next decade, and over the next 18 months it is estimated that it will be USD 23 billion.
But, according to people familiar with the matter, only fractions of the multibillion-dollar promises made to the Peace Council by various governments at a February summit in Washington have been implemented, and global attention on Gaza has waned during the U.S.-Israeli war with Iran.
Source: Financial Times
