The Times of Israel reported that Saudi Arabia will be co-hosting an event on the sidelines of the United Nations General Assembly next week focused on revamping the Israeli-Palestinian peace process

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The event, titled “Peace Day Effort for Middle East Peace,” will take place on Monday and is being put on by Saudi Arabia along with the Arab League and the European Union in cooperation with Egypt and Jordan, one of the diplomats said. UN Secretary-General Antonio Guterres will be the keynote speaker.

Neither the Israeli nor the Palestinian missions were invited to the event, the UN diplomat said, explaining that it is focused on congregating important global stakeholders on the issue in order to “reinvigorate” the peace process.

The event is the latest effort by Saudi Arabia to engage in the Israeli-Palestinian conflict, as it negotiates with US President Joe Biden’s administration about a potential normalization agreement with Israel.

Last week, Riyadh hosted a Palestinian Authority delegation to discuss how to leverage a normalization deal to advance the Palestinian cause.

Saudi Arabia did host a ministerial meeting at the UN General Assembly sidelines last year on the issue, but that event was to mark the 20th anniversary of the proposal of the Arab Peace Initiative.

Riyadh has since gradually moved away from that proposal, which offered Israel normalization with the entire Arab League only after it reached a two-state solution with the Palestinians.