Trump's Board of Peace raises $17B for Gaza—but critics question its motives
A new initiative called the Board of Peace, established by former US President Donald Trump, is overseeing Gaza's security and redevelopment. The group has already raised $17 billion for a reconstruction fund managed by the World Bank. Yet concerns have emerged over its transparency and the involvement of private investors with ties to real estate and finance.
The Board of Peace was formed to guide Gaza's post-conflict recovery, with Trump remaining in charge of fund allocation even after his presidency. Among its executive members is Jared Kushner, Trump's son-in-law, who has dismissed claims of personal profit from the project. His private equity firm, Affinity Partners, manages billions from Gulf states, raising questions about potential financial flows into Gaza.
Austria has refused to join the board, citing legal concerns. Meanwhile, other members, including Israeli representative Yakir Gabay, have outlined ambitious plans to transform Gaza's coastline into a luxury Mediterranean Riviera. Marc Rowan, another board member, has valued Gaza's real estate at over $115 billion, attracting interest from firms eager to secure contracts.
Critics highlight the dominance of private equity and real estate figures on the board, warning of possible conflicts of interest. Kushner and others have actively promoted investment opportunities in Gaza, while companies compete for high-profit deals in the region's redevelopment.
The Board of Peace has secured $17 billion for Gaza's reconstruction, but its structure and leadership have sparked debate. With Trump controlling fund distribution and private investors eyeing major projects, the initiative's long-term impact remains closely watched. Austria's refusal to participate underscores ongoing legal and ethical concerns.
