Rehabilitation of Gaza, where two years of Israeli bombardment have destroyed four-fifths of buildings, has been projected by global institutions to cost around $70 billion.

Representatives of US President Donald Trump’s Board of Peace have held talks with state-owned Dubai multinational DP World about managing supply chains and infrastructure projects in Gaza, the Financial Times said on Tuesday.

Rehabilitation of Gaza, where two years of warfare destroyed four-fifths of the enclave’s buildings, has been projected by global institutions to cost around $70 billion.

Citing three people familiar with the matter, the report said the talks centered on prospects for a partnership between DP World and the Board of Peace to run logistics.

These efforts would cover humanitarian aid and other goods entering Gaza, including warehouses, tracking systems, and security, it added.

The FT also reported that during the talks, the possibility of building a new port in either Gaza or on the  Egyptian coast was floated. Notably, this could also lead to the development of a free-trade zone in the Gaza Strip.

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