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Major Egyptian companies participate in Gaza reconstruction

Businessmen Team news 05 November 2025 01:58 PM
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Major Egyptian companies participate in Gaza reconstruction

Informed sources revealed on Wednesday that the Egyptian Federation for Construction and Building Contractors has reached an agreement with its Palestinian counterpart to establish 50 joint ventures between Egyptian and Palestinian companies. These partnerships are intended to contribute to the execution of the Gaza Strip's reconstruction plan.

The sources indicated that coordination is underway between the two sides to qualify Egyptian companies with high technical competence and executive capacity, preparing them for collaboration with Arab and international firms during the reconstruction phase.

The participating Egyptian companies include a mix of major government-owned firms and a significant number of private sector companies.

United Nations estimates suggest that the cost of rebuilding the destruction caused by the Israeli war in Gaza could reach approximately $70 billion over a period of more than ten years.

Egypt is scheduled to host a Reconstruction and Recovery Conference this month, which is expected to initiate the collection of a portion of this amount. The first phase of the reconstruction process, which involves repairing infrastructure, requires securing at least $20 billion.