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Gaza Arab Plan May Involve Up to $20 Billion Regional Contribution, Sources Say

Egyptian President Abdel Fattah al-Sisi attends a meeting with US Secretary of State Antony Blinken at the Presidential Palace in Cairo, Egypt, June 10, 2024. Photo: Amr Nabil/Pool via REUTERS
Egypt’s President Abdel Fattah al-Sisi is expected to travel to Riyadh on Thursday, two Egyptian security sources said, where he is due to discuss an Arab plan for Gaza that may include up to $20 billion from the region for reconstruction.
Arab states are expected to discuss a post-war plan for Gaza to counter US President Donald Trump’s proposal to redevelop the strip under US control and displace Palestinians, a prospect that has angered regional leaders.
Saudi Arabia, Egypt, Jordan, the United Arab Emirates, and Qatar are set to review and discuss the Arab plan in Riyadh before it is presented at a scheduled Arab summit which takes place in Cairo on March 4, four sources with knowledge of the matter said.
On Friday, a gathering of Arab state leaders, including Jordan, Egypt, the UAE, and Qatar, was expected in Saudi Arabia, which is spearheading Arab efforts on Trump’s plan, although some sources said the date had not been confirmed yet.
Arab states were dismayed by Trump’s plan to “clean out” Palestinians from Gaza and resettle most of them in Jordan and Egypt, to create a Middle East Riviera. The idea was immediately rejected by Cairo and Amman and seen in most of the region as deeply destabilizing.
The Arab proposal, mostly based on an Egyptian plan, involves forming a national Palestinian committee to govern Gaza without Hamas involvement and international participation in reconstruction without displacing Palestinians abroad.
A $20 billion contribution from Arab and Gulf states towards the fund, cited by two sources as being a likely figure, may be a good incentive for Trump to accept the plan, Emirati academic Abdulkhaleq Abdullah said.
“Trump is transactional so $20 billion would resonate well with him,” Abdullah said.
“This would benefit a lot of US and Israeli companies,” he added.
The Palestinian Authority’s cabinet said in a statement on Tuesday that the first phase of the plan under discussion would cost approximately $20 billion over three years.
Egyptian sources told Reuters discussions are still under way as to the size of the financial contribution by the region.
The plan sees reconstruction taking place over a three-year timeframe, sources said.
“My conversations with Arab leaders, most recently King Abdullah, have convinced me they have a really realistic appraisal of what their role should be,” Senator Richard Blumenthal told reporters in Tel Aviv during a visit to Israel on Monday.
Israeli foreign minister Gideon Saar said Israel was waiting to evaluate the plan as it comes together but warned that any plan in which Hamas continued to have presence in Gaza was not acceptable.
“When we hear it, we will know how to address it,” he said.
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Israeli Strike on Tehran Kills Bodyguard of Slain Hezbollah Chief

Iranian Foreign Minister Abbas Araqchi lays a wreath as he visits the burial site of former Hezbollah leader Hassan Nasrallah, on the outskirts of Beirut, Lebanon, June 3, 2025. Photo: REUTERS/Mohamed Azakir
A member of Lebanese armed group Hezbollah was killed in an Israeli air strike on Tehran alongside a member of an Iran-aligned Iraqi armed group, a senior Lebanese security source told Reuters and the Iraqi group said on Saturday.
The source identified the Hezbollah member as Abu Ali Khalil, who had served as a bodyguard for Hezbollah’s slain chief Hassan Nasrallah. The source said Khalil had been on a religious pilgrimage to Iraq when he met up with a member of the Kataeb Sayyed Al-Shuhada group.
They traveled together to Tehran and were both killed in an Israeli strike there, along with Khalil’s son, the senior security source said. Hezbollah has not joined in Iran’s air strikes against Israel from Lebanon.
Kataeb Sayyed Al-Shuhada published a statement confirming that both the head of its security unit and Khalil had been killed in an Israeli strike.
Nasrallah was killed in an Israeli aerial attack on Beirut’s southern suburbs in September.
Israel and Iran have been trading strikes for nine consecutive days since Israel launched attacks on Iran, saying Tehran was on the verge of developing nuclear weapons. Iran has said it does not seek nuclear weapons.
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Hamas Financial Officer and Commander Eliminated by IDF in the Gaza Strip

Israeli soldiers operate during a ground operation in the southern Gaza Strip, amid the Israel-Hamas conflict, July 3, 2024. Photo: Ohad Zwigenberg/Pool via REUTERS
i24 News – The Israeli Defense Forces (IDF), in cooperation with the General Security Service (Shin Bet), announced on Friday the killing of Ibrahim Abu Shamala, a senior financial official in Hamas’ military wing.
The operation took place on June 17th in the central Gaza Strip.
Abu Shamala held several key positions, including financial officer for Hamas’ military wing and assistant to Marwan Issa, the deputy commander of Hamas’ military wing until his elimination in March 2024.
He was responsible for managing all the financial resources of Hamas’ military wing in Gaza, overseeing the planning and execution of the group’s war budget. This involved handling and smuggling millions of dollars into the Gaza Strip to fund Hamas’ military operations.
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Report: Wary of Assassination by Israel, Khamenei Names 3 Potential Successors

Iran’s Supreme Leader Ayatollah Ali Khamenei waves during a meeting in Tehran, Iran, May 20, 2025. Photo: Office of the Iranian Supreme Leader/WANA (West Asia News Agency)/Handout via REUTERS
i24 News – Iran’s supreme leader Ali Khamenei named three senior clerics as candidates to succeed him should he be killed, the New York Times reported on Saturday citing unnamed Iranian officials. It is understood the Ayatollah fears he could be assassinated in the coming days.
Khamenei reportedly mostly speaks with his commanders through a trusted aide now, suspending electronic communications.
Khamenei has designated three senior religious figures as candidates to replace him as well as choosing successors in the military chain of command in the likely event that additional senior officials be eliminated.
Earlier on Saturday Israel confirmed the elimination of Saeed Izadi and Bhanam Shahriari.
Shahriari, head of Iran’s Quds Force Weapons Transfer Unit, responsible for arming Hamas, Hezbollah, and the Houthis, was killed in an Israeli airstrike over 1,000 km from Israel in western Iran.
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