• Complete Israeli withdrawal from lands occupied in 1967 war and from all the lands still occupied in south Lebanon.
  
• Agreement on both sides to a "fair solution" to the issue of Palestinian refugees.
  
• Israeli acceptance of an "independent sovereign Palestinian state" in the West Bank and Gaza, with Jerusalem as its capital.
  
• Arab recognition that the Arab-Israeli conflict is over and efforts to reach a treaty to reaffirm it.
  
• International support to enact the initiative.

The United States and European Union have also welcomed the Saudi offer , however Areil Sharon turned it down.