Turkish businesses want to rebuild Gaza for $5 billion

A team from the Union of Chambers and Commodity Exchanges of Turkey (TOBB) has spoken about a $5-billion Turkish plan prepared by the Center for Multilateral Trade Studies at the Economic Policy Research Foundation of Turkey (TEPAV) to rebuild Gaza City, after a series of meetings with officials from both Israel and Palestine. 

"As the Turkish business world, we can fulfill this work," said TOBB chairman Rifat Hisarc?kl?o?lu, who headed the group. 

TEPAV Executive Director Güven Sak and his team were also part of the group, which had several talks on the reconstruction of Gaza, which is under even worse conditions after an Israeli military operation in 2014. 

TEPAV has marked that Gaza would not be "livable" as of 2020 and launched an urban development project with academics from Ankara's Middle East Technical University (ODTÜ). 

Some 50 countries had promised some $5.4 billion in aid for Gaza in 2014 but only a small portion of that financing has been utilized since then. 

"There is more than $5 billion promised but only some 20 percent of this has been used," Sak said. "We made a strategic plan. A Gaza port will be one of the most important projects in this plan." 

The group plans to start international design contests for Gaza and ask Gazans about their ideas for a "new Gaza." 

"Turkish contractors will be an important part of this project," Sak said. 

 "Our contractors are materializing world-class works," added Hisarc?kl?o?lu. "They rank second in the world," he added. 

 "The Turkish private sector was in Afghanistan, in Libya, everywhere. Why shouldn't we have confidence and do this work too?" he asked.

The group met with Palestinian Prime Minister Rami Hamdallah and...