▁California ▁Category : Mus ical ▁groups ▁established ▁in ▁ 2 0 0 7 ▁Category : Mus ical ▁groups ▁from ▁Los ▁Angeles <0x0A> </s> ▁The ▁Valley ▁of ▁Peace ▁initi ative ▁is ▁an ▁effort ▁to ▁promote ▁economic ▁co operation ▁between ▁Israel , ▁Jordan , ▁and ▁The ▁Palest ini ans ▁based ▁around ▁efforts ▁and ▁joint ▁projects ▁in ▁the ▁ ▁Ara va / A rab ah ▁Valley , ▁along ▁which ▁runs ▁the ▁southern ▁portion ▁of ▁the ▁Israel ▁- ▁Jordan ▁border . ▁It ▁received ▁the ▁personal ▁attention ▁and ▁support ▁of ▁Sh imon ▁Per es , ▁President ▁of ▁Israel . ▁The ▁initi ative ▁involved ▁on going ▁joint ▁efforts ▁by ▁regional ▁leaders ▁to ▁launch ▁joint ▁new ▁industrial ▁and ▁economic ▁projects , ▁which ▁will ▁create ▁new ▁local ▁business es ▁and ▁job ▁growth , ▁and ▁promote ▁on going ▁co operation . ▁ ▁This ▁effort ▁also ▁fits ▁with ▁other ▁new ▁tr ends ▁and ▁efforts ▁within ▁Isra eli ▁and ▁Palest in ian ▁society ▁to ▁promote ▁recon c ili ation ▁based ▁on ▁joint ▁economic ▁effort ▁and ▁dialog ue ▁between ▁both ▁groups . ▁ ▁One ▁major ▁component ▁of ▁this ▁plan ▁is ▁the ▁construction ▁and ▁operation ▁of ▁Qual ifying ▁Indust rial ▁Z ones . ▁These ▁are ▁industrial ▁facilities ▁within ▁Jordan ▁and ▁Egypt ▁which ▁can ▁serve ▁as ▁cent ers ▁of ▁collabor ative ▁effort . ▁ ▁Over view ▁and ▁current ▁status ▁ ▁The ▁idea ▁for ▁this ▁project ▁began ▁in ▁ 2 0 0 5 , ▁when ▁Israel , ▁Jordan ▁and ▁the ▁Palest in ian ▁Author ity ▁asked ▁the ▁World ▁Bank ▁to ▁analyze ▁the ▁feas ibility ▁of ▁this ▁idea .