2. The Development Program will consist of two elements:
   
   
1. an Economic Development Program for the 'West Bank and the Gaza Strip.
   
   
2. a Regional Economic Development Program.
   
   
1. The Economic Development Program for the West Bank and the Gaza strip will consist of the following elements:
   
   
1. A Social Rehabilitation Program, including a Housing and Construction Program.
   
   
2. A Small and Medium Business Development Plan.
   
   
3. An Infrastructure Development Program ( water, electricity, transportation and communications, etc. )
   
   
4. A Human Resources Plan.
   
   
5. Other programs.
   
   
2. The Regional Economic Development Program may consist of the following elements:
   
   
1. The establishment of a Middle East Development Fund, as a first step, and a Middle East Development Bank, as a second step.
   
   
2. The development of a joint Israeli-Palestinian-Jordanian Plan for coordinated exploitation of the Dead Sea area.
   
   
3. The Mediterranean Sea ( Gaza ) - Dead Sea Canal.
   
   
4. Regional Desalinization and other water development projects.
   
   
5. A regional plan for agricultural development, including a coordinated regional effort for the prevention of desertification.
   
   
6. Interconnection of electricity grids.
   
   
7. Regional cooperation for the transfer, distribution and industrial exploitation of gas, oil and other energy resources.
   
   
8. A Regional Tourism, Transportation and Telecommunications Development Plan.
   
   
9. Regional cooperation in other spheres.
   
   

3. The two sides will encourage the multilateral working groups, and will coordinate towards their success. The two parties will encourage intersessional activities, as well as pre - feasibility and feasibility studies, within the various multilateral working groups

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