Japan to invest in joint Middle East project

Thursday, March 15, 2007 |  by Staff Writer  

The Japanese government is to invest up to $100 million in establishing an agricultural-industrial complex on both sides of the Jordan River in the Jericho region. The project will be a joint venture by Israel, the Palestinian Authority and Jordan.

Vice Premier Shimon Peres, Palestinian chief negotiator Saeb Erekat, and the Jordanian king's special representative Omar Kasrawi met in Tokyo on Wednesday to discuss moving forward with the project.

Japanese Prime Minister Shinzo Abe expressed hope that the new initiative would become the “Valley of Peace” project, as well as become a bridge for building peace in the Middle East.

Japan desires to play an active role in the Middle East, especially in the agricultural and industrial areas. Through investing in these sectors of society, there are possibilities for new markets, building a new Jordanian airport for exporting and training thousands in cultivation methods.

The Japanese prime minister was invited by the representatives to visit the region.

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