The US has pledged $212 million (£132m) in new aid to help rebuild Gaza at a donor conference in Cairo.
The Palestinian Authority is appealing for a total $4bn (£2.5bn) to rebuild Gaza after the 50-day conflict between Israel and Hamas.
At least 100,000 Gazans lost their homes in the war and much of the territory's infrastructure was damaged.
Earlier the Palestinian and Egyptian presidents called on Israel to commit to a long-term peace initiative.
They urged Israel to give up land seized in the 1967 war and accept a fair solution for Palestinian refugees in exchange for full recognition.
The seven-week Gaza conflict, which ended in a truce on 26 August, killed more than 2,100 Palestinians, most of them civilians, along with 66 Israeli soldiers and seven civilians in Israel.
Cycle of conflictUS Secretary of State John Kerry said that with winter approaching, the thousands of Palestinians displaced from their homes needed urgent help.
"The people of Gaza do need our help desperately, not tomorrow, not next week, but they need it now" he said at the conference.
He added that anything other than a long-term commitment to peace would be a "band-aid fix".
UN Secretary-General Ban Ki-Moon, EU foreign policy chief Catherine Ashton and many others attended the conference, which was hosted by Egyptian president Abdul-Fattah al-Sisi.
Correspondents say some neighbourhoods in Gaza resembled earthquake zones following intense bombardment from Israel during the war. The Israeli air strikes had sought to halt rocket-fire from Gaza.
Envoys from dozens of countries are attending Sunday's Cairo conference. Gulf and European countries, as well as the US, are expected to pledge funds for Gaza's reconstruction.
The EU envoy to the Palestinian territories, John Gatt-Rutter, told AFP news agency that the "only durable solution to Gaza is of course a political agreement between Palestinians and Israelis".
Contentious issueThe two sides have fought three wars in six years.
Rebuilding depends on Israel allowing in enough construction materials, the BBC's Orla Guerin in Cairo reports.
This is a contentious issue because Hamas has used cement to build tunnels into Israeli territory in the past, our correspondent adds.
The Gaza Strip, sandwiched between Israel and Egypt, has been a recurring flashpoint in the Israel-Palestinian conflict for years.
Israel occupied Gaza in the 1967 Middle East war and pulled its troops and settlers out in 2005. Israel considered this the end of the occupation, but it still exercises control over most of Gaza's borders, waters and airspace. Egypt controls Gaza's southern border.
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