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(ANSAmed) - AMMAN, JUNE 18 - Tens of international delegates are taking part in Petra at the fourth Nobel Laureates conference, including scholars and politicians from Israel and various Islamist states. Jordan looks at Nobel conference as a mean to boost cooperation among countries in the region through economic and social programs. To this end, organizers announced the launch of a USD 10 million fund for development, which will be used by various bodies in the region in the fields of social and economic developments. The fund will support higher education in the sciences by funding multinational research projects pursued by master's degree students as well as cooperation among scientists from universities around the region. It will especially target cooperative endeavours in energy and renewable energy sources, water management, the environment, and technology. It will be managed by an executive board of directors and a manager and advised by an international council of Nobel Laureates, who will provide policy guidance and review research proposals. "The fund addresses a vital need of the developing world to achieve the growth and spread of advanced scientific knowledge, especially about the practical issues that most concern our region's future," King Abdullah said, adding that the fund would target research and knowledge-sharing in areas of importance to all countries in the Middle East. The Petra Conference of Nobel Laureates has convened annually since 2005, jointly organized by the King Abdullah II Fund for Development (KAFD) and the Elie Wiesel Foundation for Humanity (EWFH). It is co-hosted by King Abdullah and Elie Wiesel, a recipient of the Nobel Peace Prize in 1986. The focus this year is on science education, economics and drivers of growth. Participants include Nobel Laureates from all six fields in which the Nobel Prize is awarded each year - peace, economics, literature, physics, chemistry and medicine - as well as eminent international leaders in media, business and educational institutions worldwide. Among this year's conference participants are Arab League Secretary General Amr Mousa, President of Croatia Stjepan Mesic and President of Senegal and Chairman of the Organization of the Islamic Conference Abdoulaye Wade.