Germans say they will invest in Peres's Peace Valley project

The park's infrastructure, including water, electricity, sewage and roads, are already in place.

Peres 224.88 (photo credit: AP)
Peres 224.88
(photo credit: AP)
German industrialists are likely to invest in the joint Israeli-Palestinian-Jordanian Peace Valley project as envisioned by President Shimon Peres, who on Monday hosted a luncheon for the high-level German business delegation that accompanied Chancellor Angela Merkel to Israel. Israel knows how to take risks and is on the cutting edge of global high-tech, Jurgen Thumann, chairman of the German Manufacturers Association told Peres. Peres urged his guests to invest in the Industrial Park in Jenin, which is funded by the German Government. Elaborating on the business potential of the park, he emphasized that since the project had entered the planning stage, the land value of the Industrial Park had increased enormously. The park's infrastructure, including water, electricity, sewage and roads, are already in place, and the park's proximity to the Haifa port is expected to be a strong an incentive for exporters. The German business people were particularly interested in participating in high tech Israeli-Palestinian joint ventures, but stipulated that their investments would be contingent on the Israel defense authorities permitting workers to have free access to the Jenin Industrial Park. They told Peres that they could see the business potential and promised to meet with Chancellor Merkel to determine the most effective manner in which they could become involved.