RIYADH: Saudi Arabia will provide up to $1 billion in financial support to relieve Palestinian suffering, address humanitarian needs, and advance peace efforts, Saudi Minister of State for Foreign Affairs Adel al-Jubeir said.
The announcement came during Saudi Arabia’s participation in the inaugural meeting of the Board of Peace in Washington, a US-led initiative launched by President Donald Trump to stabilize Gaza and address conflicts worldwide.
Al-Jubeir said the pledge aligns with Saudi Arabia’s longstanding support for an independent Palestinian state with East Jerusalem as its capital, and highlighted the Arab Peace Initiative as a framework for lasting regional peace.
Trump noted that $7 billion had already been raised for Gaza reconstruction, with the United States pledging an additional $10 billion. He said the board’s remit extends beyond Gaza to address broader regional conflicts.
Saudi participation follows the signing of the Board of Peace’s founding charter by Prince Faisal bin Farhan at the World Economic Forum in Davos, alongside other founding nations, including Turkiye and Qatar.
Riyadh’s Foreign Ministry said the move demonstrates the Kingdom’s commitment to supporting the board’s mission as a transitional administration to end the conflict in Gaza, in line with UN Security Council Resolution 2803.
Officials said the pledge reflects Riyadh’s commitment to reconstruction, humanitarian relief, and a long-term peace process in the Palestinian territories following the 2023 ceasefire that ended Israel’s two-year war in Gaza, which left more than 70,000 Palestinians dead.
