Washington (October 11, 2025) — US President Donald Trump on Friday expressed optimism over the recently signed Israel-Hamas ceasefire, saying that Gaza will be rebuilt with anticipated financial support from wealthy Arab nations and the establishment of a new “Board of Peace” to oversee regional reconstruction efforts.
Answering questions about the peace deal — where key members signed the “first phase” on Wednesday — Trump revealed plans to visit Israel and Egypt soon. “I’ll be speaking at the Knesset, Israel’s Parliament, and then I’ll go to Egypt,” he said during a press briefing.
> “Gaza is going to be rebuilt. And you have some very wealthy countries over there — it would take only a small fraction of their wealth to do that. I think they want to do it,” Trump stated. “We’re also setting up what we call the ‘Board of Peace.’ I don’t know if that’s the final name, but the word peace is definitely in there. They asked me if I’d chair it — we’ll make sure things go well.”
When asked about his confidence in the ceasefire holding, Trump replied:
> “I think it will hold. They’re all tired of the fighting. Don’t forget, October 7th was a horrible day — 1,200 people killed — but Hamas has lost 58,000 people. That’s big retribution. People understand that. This is beyond Gaza — this is peace in the Middle East, and it’s a beautiful thing.”
Trump called the Gaza peace deal “a great plan for everyone — Arabs, Muslims, Israel, and the world.” He noted that Israeli Prime Minister Benjamin Netanyahu had long sought such an agreement.
> “It’s a great deal for Israel, but it’s also a great deal for Arabs, Muslims, for everyone. The hostages are coming back on Monday; they’re being rescued from some very difficult places underground,” Trump added.
He also confirmed that around 28 bodies of victims are being recovered as part of the ongoing humanitarian operations in Gaza.
Trump described scenes of celebration across multiple nations, saying, “I saw Israel dancing in the streets — but also Qatar, Saudi Arabia, UAE, Egypt, Indonesia, and Jordan. Everybody wants this deal to happen.”
The ceasefire came into effect after Israeli forces withdrew to agreed positions within the territory, though troops reportedly continue to occupy parts of the Strip.
The tentative agreement follows months of intense negotiations and remains subject to further discussions over Hamas’ disarmament and Gaza’s future governance. The conflict, which began with Hamas’ deadly attack on Israel on October 7, 2023, has claimed tens of thousands of lives.
According to Gaza’s Health Ministry, more than 67,000 Palestinians have been killed and nearly 170,000 wounded, with women and children accounting for roughly half the casualties.