The European Commission estimates that rebuilding Gaza will cost USD 71 billion.

Omissions

• The US$ 71.4 billion figure is not an estimate by the European Commission alone: it comes from a joint assessment (RDNA) conducted and endorsed by the European Union, the United Nations, and the World Bank, released in April 2026.
• The estimate covers the next 10 years and includes US$ 26.3 billion needed in the first 18 months for essential services and critical infrastructure; it is an estimate of needs (recovery and reconstruction), not a committed or disbursed budget.
• The assessment also breaks down the figure into US$ 35.2 billion in physical damage and US$ 22.7 billion in economic losses.
• All cited sources were published in April 2026, before the session date of 2026-07-08, so the MEP could have known this data.

Sources

• PrimaryUN Information System on the Question of Palestine (UNISPAL) — Final Gaza Rapid Damage and Needs Assessment press releaseAccording to the assessment, recovery and reconstruction needs in Gaza are estimated at $71.4 billion over the next decade, including $26.3 billion required in the first 18 months.
• PrimaryWorld Bank — Gaza Rapid Damage and Needs Assessment (RDNA), Final Report, April 2026Physical damage caused by the conflict is estimated at US$35.2 billion and economic losses at US$22.7 billion, bringing the total estimated effects of the conflict to approximately US$57.9 billion; the RDNA was jointly conducted by the World Bank, the European Union and the United Nations and estimates recovery and reconstruction needs at $71.4 billion over the next decade.
• SecondaryRFIA European Union and United Nations report estimates it will cost more than $71 billion over the next decade to rebuild Gaza, after more than two years of conflict.
• SecondaryEuronewsMore than $71 billion (€60.3bn) will be needed over the next decade for recovery and reconstruction in war-ravaged Gaza, according to an EU-UN report.