Red Sea–Dead Sea Water Conveyance number of international donors. The water level in the Dead Sea is shrinking at a rate of more than one metre per year, and its surface area has shrunk by about 30% in the last 20 years. This is largely due to the diversion of over 90% of the water of the Jordan River. In the early 1960s, the river moved 1,500 million cubic metres of water every year from the Sea of Galilee to the Dead Sea. Dams, canals, and pumping stations built by Israel, Jordan and Syria now divert water for crops and drinking, and have reduced the
Dead Sea of the investment climate. The World Bank estimates that a Palestinian Dead Sea chemicals industry could generate $918M incremental value added per year, "almost equivalent to the contribution of the entire manufacturing sector of Palestinian territories today". Both companies, Dead Sea Works Ltd. and Arab Potash, use extensive salt evaporation pans that have essentially diked the entire southern end of the Dead Sea for the purpose of producing carnallite, potassium magnesium chloride, which is then processed further to produce potassium chloride. The ponds are separated by a central dike that runs roughly north-south along the international border. The power plant