President Donald Trump announced on Thursday (February 19, 2026) at the inaugural Board of Peace meeting that nine members of the body have agreed to pledge $7 billion toward a Gaza relief package.

Kazakhstan, Azerbaijan, UAE, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan and Kuwait are the countries that are making pledges, Mr. Trump added.

“But every dollar spent is an investment in stability and the hope of new and harmonious (region),” said Mr. Trump, thanking the donors.

The amount, while significant, represents a fraction of the estimated $70 billion needed to rebuild the Palestinian territory decimated after two years of war.

Mr. Trump also announced the U.S. was pledging $10 billion for the Board of Peace but didn’t specify what the money will be used for.

“The Board of Peace is showing how a better future can be built, starting right here in this room,” Mr. Trump said.