Surrounded by wreckage and many destroyed buildings and infrastructure, Palestinians are now seeking to rebuild the destroyed territory and seeking roughly $2.8 billion in foreign aid.

On Wednesday the rival Palestinian governments — U.S.-backed moderates in the West Bank and the Islamic militants of Hamas in Gaza — presented competing plans for rebuilding war-ravaged Gaza.

The West Bank Palestinians led by President Mahmoud Abbas, believe all funds can be raised at an international donors conference for Gaza in Egypt next week.

Saudi Arabia has promised $1 billion and the U.S. is expected to contribute about $900 million.

For the reconstruction of Gaza to go smoothly, Gaza would need an internationally accepted government as well as open borders, it currently has neither.

Hamas is widely shunned as a terrorist group, and Israel and Egypt have kept Gaza cut off from the world since the militants violently seized the territory in June 2007, leaving Abbas only in control of the West Bank.

The two governments have deep distrust between them making the chances of forming a unity government virtually impossible.

Despite no unity deal being in place, the rival governments have moved ahead with separate plans for rebuilding Gaza after Israel's three-week military offensive, waged to halt Hamas rocket fire on Israeli border towns.

The fighting killed some 1,300 Palestinians and damaged or destroyed thousands of homes.