Egypt has prepared a $53 billion, five-year plan for Gaza’s reconstruction, complete with new housing, a commercial harbour and an airport, Reuters reports.

Here are major aspects of the plan:

• Early recovery (six months): Rubble to be cleared, temporary housing installed
• Phase one (two years): 200,000 housing units to be built
• Phase two (two-and-a-half years): 200,000 more housing units and an airport to be built

Phase one will cost around $20bn, while phase two will cost $30bn, said the report, adding that the plan has been adopted in the draft communique of today’s Arab summit.