President Donald Trump has appointed Yakir Gabay, a Cyprus-based billionaire who amassed his fortune in European real estate and does not vote in Israeli elections, to oversee the rebuilding of Gaza, according to an X post by journalist Zvika Klein published between 1:16 PM and 1:46 PM UTC on January 23, 2026. The post highlights Gabay's background operating from Cyprus and includes a link in comments detailing his beliefs. This development follows discussions by Jared Kushner and the Trump administration on Gaza's future, as noted in an X post reviewed in the prior reporting window ending at 11:16 AM UTC today. No official confirmation from the White House or Israeli authorities was available in sources during this 30-minute window. The appointment comes amid ongoing security incidents in Gaza, including a Hamas 'Sahem' unit incursion at a Jabalia school sheltering displaced persons earlier today, per previous reports.
