According to a report from the New York Times, the United States has committed over one billion dollars for projects under the Gaza Peace Council, as relayed by two officials. This initiative is part of a broader plan introduced by former President Donald Trump to shape the future of Gaza in the aftermath of conflict. Alongside the U.S. commitment, the United Arab Emirates is reported to have promised an equal amount, showcasing a significant investment in post-war reconstruction efforts.

The article further details that Kuwait is engaged in discussions about potentially contributing to the Peace Council, although no definitive decisions have been made yet, according to a representative from the Kuwaiti embassy in Washington. This suggests a possibility of multi-national financial collaboration aimed at stabilizing the region, which has been heavily affected by years of conflict and humanitarian crises.

The funding is largely aimed at humanitarian projects and international stabilization efforts in Gaza, as reiterated by a White House official. However, the New York Times notes that while these financial pledges are substantial, no other nations have formally announced their commitments, and an official announcement is anticipated during the inaugural meeting of the group on February 19th in Washington, D.C. This meeting could be pivotal in uniting various countries around the initiative and potentially paving the way for further investments in the region's recovery and stability.