WHITE HOUSE - Hoping to bring about a “new dawn in the Middle East,” U.S. President Donald Trump unveiled his peace plan for the region on Tuesday with Israeli Prime Minister Benjamin Netanyahu standing at his side.
“My vision presents a win-win opportunity for both sides, a realistic two-state solution that resolves the risk of Palestinian statehood to Israel’s security,” Trump said in the White House East Room.
Notably absent was any representative of the Palestinians, who rejected the peace plan even before getting a glimpse of the 80-page proposal, and who were not included in talks about the plan.
“Jerusalem is not for sale. All our rights are not for sale and are not for bargain. And your deal, the conspiracy, will not pass,” Palestinian President Mahmoud Abbas said in televised remarks directed at Trump from Ramallah in the West Bank.
Trump sees such initial rejections as a temporary hitch and told those gathered in the East Room that he sent a letter to Abbas, telling him that if he chooses “the path to peace, America and many other countries, we will be there. We will be there to help you in so many different ways.”
Acceptance of the plan would lead to $50 billion of outside investment, a million jobs created for Palestinians over a decade, and a doubling or tripling of Palestinians' GDP, Trump promised.
“It is time for the Muslim world to fix the mistake it made in 1948 when it chose to attack, instead of recognize, the new State of Israel,” the president said.
Egypt, one of the countries that declared war on Israel at that time, is not rejecting Trump’s vision.
The country expressed appreciation of continuing U.S. efforts to realize a fair and comprehensive peaceful settlement for the Palestinian problem, according to the Middle East News Agency in Cairo.
"Jordan supports every genuine effort aimed at achieving just and comprehensive peace that people will accept," Jordanian Foreign Minister Ayman Safadi said in a statement.
Present in the East Room were the ambassadors of Bahrain, Oman and the United Arab Emirates.
“What a pleasure to see you here,” remarked Netanyahu. “And what a sign it portends of the present.”
WATCH: Trump Unveils Middle East Plan
Analysts say a public statement from Riyadh lending Saudi support to Trump’s plan would carry more weight, as the kingdom is the dominant Sunni Muslim power.
Later Tuesday, the Saudis released a statement, which said, "In light of the (U.S.) announcement, the kingdom reiterates its support for all efforts aimed at reaching a just and comprehensive resolution to the Palestinian cause."
The kingdom appreciates "the efforts of President Trump's administration to develop a comprehensive peace plan between the Palestinian and Israeli sides," the statement continued.
Arab League Secretary General Ahmed Aboul Gheit said Wednesday that at first reading the plan indicates a great waste of the legitimate rights of the Palestinians, but that the group is carefully studying it and is open to any serious effort to achieve peace.
France’s foreign ministry also said it was taking a close look at the proposal while reiterating the necessity for a two-state solution.
Trump proposes a Palestine with limited sovereignty — doubling the size of land currently occupied by Palestinians — and Israel annexing about a third of the disputed West Bank.
Israel’s government is now set to vote Sunday on annexing the strategic Jordan Valley and all Israeli settlements in the West Bank.
Jerusalem would remain Israel’s capital, and the eastern part of the holy city would be the Palestinian capital where the United States would open an embassy to Palestine, said Trump.
“I’m prepared to seize the moment and change history,” Netanyahu told the invited crowd of supporters. "Your deal of the century is the opportunity of the century,” he told Trump.
Netanyahu said if the Palestinians abide by the terms laid out, “Israel will be prepared to negotiate peace right away.”
Analysts see the Israelis, strongly backed at least during the current administration in Washington, as having the position of strength.
“It does not seem as though the Palestinians have a constructive way out. They no longer enjoy the intense, or financial support of many of the Arab powers,” Thomas Schwartz, a professor of history and political science at Vanderbilt University told VOA. “It may seem like a take it or leave it. But it may be the best deal that they are going to get. That's one of the tougher questions that the Palestinian leadership will have to face.”
Above the many problems with the substance of the plan is the fundamental issue of how it was devised, according to Palestinian analysts.
"Any offer toward the Palestinians and any offer of peace should be a negotiation between the Palestinians and Israelis, and that's not the case with this deal,” U.S. policy fellow Halah Ahmad, at the Palestinian policy network Al-Shabaka, told VOA.
The plan, after nearly three years of discussion between U.S. and Israeli officials, was overseen by Trump's son-in-law, Jared Kushner, who long has had close ties to Netanyahu and Israel.
It involves some exotic proposals, including a high-speed rail link between Gaza and the West Bank, according to David Friedman, the U.S. ambassador to Israel.
“It doesn’t really matter in the short run what the Palestinians say,” Friedman told reporters on a conference call. “They have four years to study it.”
As Friedman spoke to reporters, Trump tweeted a map showing the divisions of territory.
Both Trump and Netanyahu face domestic political woes ahead of elections in their respective countries.
Trump is on trial in the Senate after being impeached by the Democratic-controlled House for abuse of power and obstruction of Congress.
By the time of the U.S. presidential election in November, “I think many Americans will have forgotten about this peace vision unveiling,” said Jim Philips, senior Middle East analyst at the Heritage Foundation.
Netanyahu, after giving up a push in the Knesset (Parliament) for immunity from prosecution, was indicted in corruption cases just hours before taking the White House stage with Trump.
Trump met separately Monday with Netanyahu and his chief political rival Benny Gantz, who called the peace deal "a significant and historic milestone" and one he looks forward to implementing if he becomes the next Israeli prime minister following next month’s election.
Patsy Widakuswara, Elizabeth Cherneff and Tina Trinh contributed to this report.