Israel, Jordan, and the Palestinian Authority have agreed to build a pipeline from the Red Sea to the Dead Sea. The initiative will produce millions of cubic meters of drinking water for the region, hydroelectric power and replenish the critically dwindling Dead Sea.
http://www.timesofisrael.com/israel-and-jordan-to-build-red-sea-dead-sea-pipeline/
http://www.ynetnews.com/articles/0,7340,L-4463319,00.html