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Israel, Jordan and the Palestinians have agreed to a water-sharing pact that would see the construction of a desalination plant on the Gulf of Aqaba on the Red Sea and bring "a long-awaited Red Sea-Dead Sea pipeline one step closer to completion," according to Reuters.

The plant would be built on the Jordanian side of the Gulf and the resulting potable water would be shared between Jordan and Israel.

Alexander McPhail, the lead water and sanitation specialist in the World Bank's Water Practice division, tells The Jerusalem Post Monday that in return, "Israel will increase the annual releases of water from Lake Kinneret to Jordan and will also increase its sales of water to the Palestinian Authority."

"'It's like a swap,' McPhail told the Post, regarding the Israeli and Jordan portions of the agreement. 'Israel needs water in the south because they want to settle that part of their country. Jordan needs more water in the North.'"

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