This peace plan has been on the table since 1982 when King Fahd first offered it. The only reason why it is still being put forward is simply that Israel doesn't want peace. When Israel decides to sit down and negotiate seriously, without its usual preamble of preconditions, it will find its "peace partners."
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Netanyahu says 'coordination, de-confliction mechanism' with Russia 'successful' (Haaretz)
from the article: The Peace Process / Only Saudi Arabia can do it