"An official source at the Foreign Ministry expressed the kingdom's welcome of the proposals put forth by US Secretary of State John Kerry on a final settlement of the Palestinian-Israeli conflict," the statement said.
According to the statement, the Kingdom of Saudi Arabia considers the proposals to be in accord with the most part of the resolutions of international legality and most of the elements of the Arab Peace Initiative agreed upon at the Arab Summit in Beirut in 2002 and by the Islamic Summit in Makkah in 2005. The source considers Kerry's proposals to represent a proper basis for reaching a final settlement of the Israeli-Palestinian conflict.
Jordan and Egypt earlier welcomed Kerry's speech, however Israeli Prime Minister Benjamin Netanyahu criticized it and called a "great disappointment."
After the Six Day War in 1967, Israel seized the West Bank, Gaza Strip, Golan Heights and Sinai Peninsula. The United States has been calling on Israel to accept borders that existed before the conflict.
Palestinians seek diplomatic recognition for their independent state on the territories of the West Bank, including East Jerusalem, which is partially occupied by Israel, and the Gaza Strip. Israel has been building settlements on the occupied territories despite objection from the United Nations.