High Quality Content by WIKIPEDIA articles! The 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. The initiative involves ongoing joint efforts 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. It also fits with other new trends and efforts within Israeli and Palestinian society to promote reconciliation based on joint economic effort and dialogue between both groups.