The administration of US President Donald Trump proposed investing $5 billion in a new fund to rebuild energy infrastructure in the Middle East following a war with Iran, Reuters reported citing a report from Wall Street Journal.

The proposal is under discussion with several Middle Eastern countries, including Saudi Arabia and the Unired Arab Emirates (UAE). The terms are still being discussed and could change, while it remains unclear when, or if, the participating countries will sign on.

The Middle East suffered major damages during the US-Israeli war on Iran.  Reuters reported in April that the Middle East conflict could saddle the region with as much as $58 billion in repair costs for energy-linked infrastructure, with oil ​and gas facilities alone accounting for up to $50 billion.

Saudi Arabia faced damages on September 11 in its East West Pipeline following drone strikes, forcing a temporary halt to operations and prompting the kingdom to reroute crude exports. It also faced earlier disruptions in operations at major oil, gas, refining, petrochemical, and power sites across Riyadh, the Eastern Province, and the industrial city of Yanbu.

Qatar’s Ras Laffan facilities were damaged during Iranian attacks in March, affecting two of its 14 liquified natural gas (LNG) production trains, in addition to a gas-to-liquids facility. It is currently in talks with several US LNG producers to secure multi-year supply agreements extending through 2031.

In addition, the UAE has faced disruptions of operations of at major energy infrastructures that lead to a temporally suspension including the Ruwais refinery, Habshan gas facility, Shah gas field, and Fujairah port.