The foreign ministers of France, Germany, Italy, and Britain announced their support for a reconstruction plan for Gaza, backed by Arab states, which is estimated to cost $53 billion.

The plan aims to address the dire living conditions for Palestinians in Gaza without displacing them.

In a joint statement, the ministers described the initiative as a realistic path toward improving the humanitarian situation in the region, emphasizing the need for swift and sustainable progress.

This rebuilding proposal, originating from Egypt and endorsed by Arab leaders earlier this week, has faced rejection from Israel and the United States, where President Donald Trump has advocated for an alternative vision aimed at transforming the Gaza Strip into a so-called 'Middle East Riviera.'

Central to the Egyptian initiative is the establishment of an administrative committee comprising independent Palestinian technocrats.

This committee would oversee governance in Gaza following the ongoing conflict between Israel and Hamas, focusing on managing humanitarian aid and the region's affairs for a transitional period under the Palestinian Authority's supervision.

The collective statement from the European nations also expressed their commitment to engaging with the Arab plan and highlighted the significance of the initiative as a commendable effort by Arab states.

The ministers underscored that Hamas should no longer govern Gaza or pose a threat to Israel, reiterating support for the Palestinian Authority and its reform agenda.