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Egypt pledges $500 million for Gaza's reconstruction

Cairo, which is leading efforts to reach a cease-fire in the week-long conflict between Hamas and Israel, has pledged to help rebuild the battered Palestinian enclave.
MAHMUD HAMS/AFP via Getty Images

Egypt will provide the Gaza Strip with $500 million to finance its reconstruction following Israel’s bombing campaign against the militant group Hamas. President Abdel Fatah al-Sisi made the announcement in Paris during trilateral talks with French President Emanuel Macron and King Abdullah of Jordan aimed at drafting a concrete cease-fire proposal. 

"Due to the latest developments in Gaza Strip, Egypt will allocate $500 million for the reconstruction of the Palestinian coastal enclave," Sisi’s office posted on Facebook, adding that Egyptian firms will take part in the rebuilding.

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