The Egyptian Proposal:

Three Egyptian security sources said, the latest Egyptian proposal involves:
1. forming a national Palestinian committee to govern Gaza without Hamas involvement,
2. international participation in reconstruction without displacing Palestinians abroad,
3. and movement toward a two-state solution

Saudi Arabia, Egypt, Jordan, the United Arab Emirates and Palestinian representatives will review and discuss the plan in Riyadh before it is presented at a scheduled Arab summit on February 27 the Arab government source said.

The role of Saudi Crown Prince Mohammed bin Salman, widely known as MBS, is shaping up to be key.

a Jordanian official said:
1. “We are telling the Americans we have a plan that works.
2. Our meeting with MBS is going to be critical.
3. He is taking the lead,”

The crown prince had a warm relationship with the first Trump administration and is increasingly central to Arab ties with the U.S. during the new Trump era.

Long a major regional partner of the United States, the crown prince is expanding Saudi Arabia’s relationship through business and global power politics.
Saudi Arabia’s sovereign wealth fund is holding a conference in Miami this month, which Reuters revealed Trump is expected to attend

The White House did not respond to several requests for comment on this story.

US Secretary of State Marco Rubio, speaking on Thursday, referred to the coming Arab meeting, saying:
1. “Right now the only plan — they don’t like it — but the only plan is the Trump plan.
2. So if they’ve got a better plan, now’s the time to present it.”

Spokespeople for Saudi Arabia, Egypt, Jordan, the UAE and Israel did not immediately respond to Reuters requests for comment.