It was established by the Keren Kayemet Le'yisrael after the 1967 Six Day War which re-unified Jerusalem.
The forest is made up of over 10,000 trees of Jerusalem pine and a mixture of other types of trees.
Keren Kayemet Le'yisrael is now planting Gan Yaldei Yisrael to celebrate Jerusalem 3000 in a section of the Peace Forest.