page_title: Presidency of Shimon Peres
section_title: Valley of Peace initiative
hierarchical_section_title: Presidency of Shimon Peres / Valley of Peace initiative
caption_attribution_description: President George W. Bush and Israel’s Prime Minister Ehud Olmert smile as they join Israeli President Shimon Peres for arrival ceremonies Wednesday, Jan. 9, 2008, after President Bush’s arrival in Tel Aviv. White House photo by Chris Greenberg .
context_page_description: The Presidency of Shimon Peres, the ninth President of Israel, began after the 2007 Israeli presidential election on 13 June 2007 in which Peres defeated Reuven Rivlin and Colette Avital. Peres was sworn in as President on 15 July 2007.
  At the age of 90, Peres was the world's oldest head of state.
context_section_description: In early 2008, plans were announced by Peres for joint economic effort in four locations in the West Bank, in a plan known as the Valley of Peace initiative. This effort was to include joint economic and industrial projects, and a jointly built university, with investment from several countries, including Turkey and Japan.
caption: George W. Bush, Ehud Olmert and Peres in Tel Aviv, 9 January 2008
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