President Donald Trump said Sunday that members of his newly created Board of Peace have pledged $5 billion toward rebuilding war-ravaged Gaza and will commit thousands of personnel to international stabilisation and police forces for the territory.

The pledges will be formally announced when board members gather in Washington on Thursday for their first meeting, he said.

“The Board of Peace will prove to be the most consequential International Body in History, and it is my honour to serve as its Chairman,” Trump said in a social media posting announcing the pledges.

He did not detail which member nations were making the pledges for reconstruction or would contribute personnel to the stabilisation force. But Indonesia’s military said Sunday that up to 8,000 of its troops are expected to be ready by the end of June for a potential deployment to Gaza as part of a humanitarian and peace mission. It’s the first firm commitment that the Republican president has received.

Rebuilding the Palestinian territory will be a daunting endeavour. The United Nations, World Bank and European Union estimate that reconstruction of the territory will cost $70 billion. Few places in the Gaza Strip were left unscathed by more than two years of Israeli bombardment.