Ynet news reports:

The international conference held in Paris on Friday seeking to revive the Israeli-Palestinian peace process has concluded with a call from Saudi Arabia to adopt the 2002 Arab peace initiative, which would lead to normalization of ties between Israel and Arab states

“The Arab initiative from 2002 is the best proposal for the resolution of the Israeli-Palestinian conflict,” said Adel al-Jubeir, the foreign minister of Saudi Arabia, which is considered one of the more pragmatic Arab nations.

The Arab peace initiative, also known as the “Saudi initiative,” called on Israel in 2002 to withdraw from the Golan Heights, the Gaza Strip, the West Bank and East Jerusalem. It also called for an independent Palestinian state to be established with East Jerusalem as its capital and for a “just solution for the refugee issue.” In return, all Arab states will normalize their relations with Israel and declare the end of their conflict with it.

Saudi Arabia’s Foreign Minister, Adel al-Jubeir, on Friday reportedly rejected Prime Minister Binyamin Netanyahu’s request that the initiative be updated to reflect changes to the Middle East since the plan was first proposed.

This reporter previously exposed the Saudi “peace” initiative threatens Israel:

The Saudi Initiative, originally proposed by Saudi Arabia in 2002, states that Israel would receive “normal relations” with the Arab world in exchange for a full withdrawal from the entire Gaza Strip, West Bank, Golan Heights and eastern Jerusalem, which includes the Temple Mount.

The West Bank contains important Jewish biblical sites and borders central Israeli population centers, while the Golan Heights looks down on Israeli civilian zones and twice was used by Syria to mount ground invasions into the Jewish state.

The Saudi plan also demands the imposition of a non-binding U.N. resolution that calls for so-called Palestinian refugees who wish to move inside Israel to be permitted to do so at the “earliest practicable date.”

Palestinians have long demanded the “right of return” for millions of “refugees,” a formula Israeli officials across the political spectrum warn is code for Israel’s destruction by flooding the Jewish state with millions of Arabs, thereby changing its demographics.

When Arab countries attacked the Jewish state after its creation in 1948, some 725,000 Arabs living within Israel’s borders fled or were expelled from the area that became Israel. Also at that time, about 820,000 Jews were expelled from Arab countries or fled following rampant persecution.

While most Jewish refugees were absorbed by Israel and other countries, the majority of Palestinian Arabs have been maintained in 59 U.N.-run camps that do not seek to settle its inhabitants elsewhere.

There are currently about 4 million Arabs who claim Palestinian refugee status with the U.N., including children and grandchildren of the original fleeing Arabs; Arabs living full-time in Jordan; and Arabs who long ago emigrated throughout the Middle East and to the West.

According to Arab sources close to the Saudi Initiative, Arab countries are willing to come to an agreement whereby Israel absorbs about 500,000 “refugees” and reaches a compensation deal with the PA for the remaining millions of Palestinians.

Aaron Klein is Breitbart’s Jerusalem bureau chief and senior investigative reporter. He is a New York Times bestselling author and hosts the popular weekend talk radio program, “Aaron Klein Investigative Radio.” Follow him on Twitter @AaronKleinShow. Follow him on Facebook.