Eight Point Peace Plan by Crown Prince Fahd ibn Abd al-Aziz of Saudi Arabia 1. Israel to withdraw from all Arab territory occupied in 1967, including Arab Jerusalem. 2. Israeli settlements built on Arab land after 1967 to be dismantled, including those in Arab Jerusalem. 3. A guarantee of freedom of worship for all religions in the Holy Places. 4. An affirmation of the right of the Palestinian Arab people to return to their homes and compensation for those who do not wish to return. 5. The West Bank and the Gaza Strip to have a transitional period under the auspices of the United Nations for a period not exceeding several months. 6. An independent Palestinian State should be set up with Jerusalem as its capital. 7. All States in the region should be able to live in peace in the region. 8. The United Nations or Member States of the United Nations to guarantee the carrying out of these provisions. Source: http://unispal.un.org/UNISPAL.NSF/0/5FB09709F4050B8985256CED007390D8#sth...