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project: peace valleyThe Valley of Peace initiativeThe Valley of Peace initiative is an effort to promote economic cooperation between Israel, Jordan and the Palestinians. It has received the personal attention and support of Shimon Peres, President of Israel. It involves ongoing joint effort by Israeli and Palestinian leaders to launch new industrial and economic projects, which will create new local businesses and job growth, and promote ongoing cooperation.
The phrase "Valley of Peace" specifically refers to the Arava Valley, in the Arava region, which runs along the southern portion of the border between Israel and Jordan. One major part of the plan is for the private sector to build a $3 billion 166 km [103-mile] canal in this valley, known as the Two Seas Canal, which would connect the Red Sea to the Dead Sea and which would provide projects which might bring greater cooperation between Israelis, Jordanians, and Palestinians through greater economic integration. This Valley of Peace is part of a 20-kilometer [23-mile] corridor being proposed by Israeli President Shimon Peres for regional economic development. About 420 km of the corridor runs along the Jordanian border, with no border fences, and another 100 km touches on the Palestinian territories.
Some possible future developments along the canal may include convention centers, hotels for up to 200,000 people, restaurants, parks, and artificial lakes and lagoons, and greenhouses for winter fruits and vegetables. A high-speed train line and highway would run along the canal allowing travel between the Dead and Red Seas within an hour. The area may also become a free-trade zone, thus attracting investment from around the world. More info:
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