JAKARTA - Apollo Global Management CEO Marc Rowan revealed that around 100,000 houses will be built in Rafah City which borders Egypt.
This project is part of the reconstruction of Gaza City by the Board of Peace (BoP) or the Peace Council formed by US President Donald Trump.
"The plan is 100,000 houses for 500,000 residents, plus infrastructure worth USD5 billion," Rowan said at the inaugural meeting of the Board of Peace in Washington on Thursday, February 19 WIB night, monitored via live streaming YouTube The White House.
Rowan, who Trump appointed to serve as one of the executive board members of the Board of Peace and the National Committee for Gaza Administration, said Rafah would be the first to receive security, infrastructure, and housing development.
"Over time, 400,000 houses for all residents, with infrastructure worth more than USD30 billion," he continued.
The US billionaire insisted Gaza needed to be "opened up and funded."
Trump and his allies have repeatedly touted Gaza's Mediterranean coastline as having the potential for a wealth of valuable property waiting to be exploited.
In an early iteration of Trump's peace plan related to Gaza, Trump had expressed his idea of turning Gaza into the "Middle East Riviera."
"The coastline alone - worth $50 billion according to conservative estimates," said Rowan.
He estimated that the total reconstruction of the Gaza Strip, which was destroyed by the Israeli military's attack, could reach USD115 billion.
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