Trump to reveal details of 'great' Middle East peace plan before Tuesday
"Probably we'll release it a little bit prior to that," the US leader told reporters travelling with him to Florida on board Air Force One, referring to the White House meeting on Tuesday.
"It's a great plan. It's a plan that really would work," he added.
The Palestinians, who were not invited to the White House meeting with Netanyahu, immediately rejected the US-hosted talks, as they reject the peace plan itself, which has been in the works since 2017. Its release has been delayed repeatedly.
The economic part of the plan was shared in June and calls for $50 billion in international investment in the Palestinian territories and neighboring Arab countries over 10 years.
The Palestinians, who refuse to talk to the Trump administration since he recognized Jerusalem as Israel's capital, reject the peace plan because it seems to bury the two-state solution that for decades has been the cornerstone of international diplomacy, perpetuates Israeli occupation of the West Bank, and refuses to recognize Palestinian rights to self-determination.
On the plane Trump said he was pleased that both Netanyahu and his main electoral rival Benny Gantz, head of the Blue and White party, would come to the White House in the middle of the campaign for Israeli elections on March 2.
"We have both candidates coming — unheard of," Trump said.
Asked if he had contacted the Palestinians, Trump said: "We've spoken to them briefly. But we will speak to them in a period of time."
"And they have a lot of incentive to do it. I'm sure they maybe will react negatively at first but it's actually very positive for them," Trump said.
But the Palestinian Authority reiterated its rejection of the White House peace plan.
"This step only reaffirms our absolute rejection of what the US administration has done so far, particularly the recognition of Jerusalem as Israel's capital," Palestinian President Mahmoud Abbas' spokesman said in a statement.
Trump, whose team has long been working on the outlines of a secretive peace plan, has repeatedly boasted that he is the most pro-Israeli US president in history.
Abbas cut off all ties with the United States in December 2017 after Trump broke with decades of international consensus and recognized Jerusalem as Israel's capital.
The Palestinians see the eastern part of the city, which has been illegally occupied by Israel since 1967, as the capital of their future state and world powers have long agreed that Jerusalem's fate should be settled via negotiations.
'The deal is all about Israel'
Trump came to power in 2017 promising to broker Israeli-Palestinian peace, which he labelled the "ultimate deal."
But he has since taken a series of decisions that outraged the Palestinians, including cutting hundreds of millions in aid and declaring that the United States no longer considered Israel's West Bank settlements illegal.
His plan for ending the Israeli-Palestinian conflict is believed to revolve around encouraging massive economic investment.
After many postponements, the peace initiative was expected several months ago.
But it was delayed after September elections in Israel proved inconclusive, and it was not expected to be released until after the 2 March elections.
Israeli media discussed what it said were leaked outlines of the deal Thursday, saying the United States had acquiesced to many key Israeli demands.
The Washington meeting will come little more than a month before new Israeli elections, with polls showing Netanyahu's right-wing Likud and Gantz's Blue and White party neck-and-neck.
The meeting on Tuesday coincides with an expected session in the Israeli parliament to discuss Netanyahu's potential immunity from prosecution over a series of corruption charges.
Israeli media speculated that Trump had chosen to announce the event in support of Netanyahu's election bid -- the third in a year.
Husam Zomlot, former head of the Palestinian mission in the United States, told AFP that Trump hosting two Israeli leaders and no Palestinians showed the meeting was about influencing domestic Israeli politics, rather than a genuine attempt at peace.