The cost of rebuilding Palestine’s Gaza Strip after the war stands at more than US$8 billion, Global Post reported this week.
The money is expected to cover the rebuilding of 17 000 homes, 360 factories and 42 000 acres of farmland, among others, destroyed by Israeli air strikes.
This amount is three times more than the last conflict between Israel and Gaza in 2008, the publication said.
More than 2 100 Palestinians, mostly civilians, 64 Israeli soldiers and five Israeli civilians have been killed by the Israel vs Hamas conflict, which lasted for 50 days. More than 100 000 Palestinians are thought to have have been displaced by the conflict.
The Gaza Strip is home to a population of more than 1.5 million Palestinians, including 1.1 million refugees.
The United Nations, through its agency UNRWA, operates in the strip with over 11 000 staff in over 200 installations across the occupied region, delivering education, health care, relief and social services, microcredit and emergency assistance to registered Gazan refugees.