Peace moves have been stalled since 2000, when the outbreak of Palestinian violence followed a failed summit meeting of Israeli and Palestinian leaders in the US.
Israel's official position has been that the "road map" is the only plan on the table now, but Foreign Ministry spokesman Mark Regev indicated the Saudi plan could be the basis for talks.
"Israel has never accepted the Saudi initiative but would see positive elements in the initiative, particularly the call for reconciliation" Regev told reporters.
RSS