France, Germany, Italy and the UK said on Saturday they supported an Arab-backed plan for the reconstruction of Gaza.

The plan would cost $53 billion (€50.5 billion) and avoid displacing Palestinians from the territory.

“The plan shows a realistic path to the reconstruction of Gaza and promises — if implemented — swift and sustainable improvement of the catastrophic living conditions for the Palestinians living in Gaza,” the foreign ministers of the four countries said in a joint statement.

Arab leaders on Tuesday endorsed the post-war plan, which was put forward by Egypt, to rebuild the Paelstinian enclave.

The Arab Summit in Cairo took place after US President Donald Trump floated a widely condemned proposal to turn the Gaza Strip into what he called the “Riviera of the Middle East” and displace its residents.