<div><span style="font-size: 1rem;">Israel said Sunday it would accelerate the process of setting up a shared industrial zone with Jordan.</span><br></div><div><br></div><div>The decision to accelerate the construction and operation of the Jordan Gateway park was taken to enhance cooperation with Jordan, the government added.</div><div><br></div><div>The project was first proposed during talks on the Jordan-Israel Peace Treaty that was signed in 1994. The final details of the initiative were addressed last week during Lapid’s visit to Amman where he met with King Abdullah II.</div><div><br></div><div>“Twenty-eight years since the peace agreement with Jordan, we are taking the good neighborly relations between our two countries another step forward,” Israeli Prime Minister Yair Lapid said.</div><div><br></div><div>“This is a breakthrough that will contribute greatly to developing and strengthening the region. The final details regarding this initiative were addressed last week during my visit with King Abdullah II in Amman.”</div><div><br></div><div>Lapid said the initiative would increase employment in both countries, advance economic and diplomatic relations, and enhance the peace and friendship between Jordan and Israel.</div><div><br></div><div>“This is a joint industrial zone on the border. It will allow Israeli and Jordanian entrepreneurs and businesspeople to communicate directly. It will produce joint initiatives in trade, technology, and local industry.”</div><div><br></div><div>The decision includes advancing the operation of the Jordan Gateway Park Terminal for pedestrians, which will also be a crossing for entrepreneurs interested in the initiative and the industrial zone on the Jordanian side.</div><div><br></div><div>The Israel Airports Authority will build and operate the Jordan Gateway Park Terminal, subject to budgetary agreements and the approval of the Knesset Economics Committee.</div><div><br></div><div>It will include a facility for hosting executives and guests arriving from Jordan for business purposes.</div><div><br></div><div>The immediate construction of an entrance facility and the necessary structures for operating the park would be evaluated while allocating resources for completion, the government added. -arabnews</div><div><br></div><div>bnbd24/TR</div>