A senior U.S. official said on Sunday that invitations had been sent to countries, business and civil leaders for the conference, which will take place on June 25 and 26 in Manama.
Trump's Middle East team, led by his son-in-law Jared Kushner and regional envoy Jason Greenblatt, appears intent on focusing initially on potential economic benefits, despite deep skepticism among experts that they can succeed where decades of US -backed efforts have failed.
The Palestinian Authority has boycotted the USA peace effort since late 2017 when Trump chose to move the US embassy from Tel Aviv to Jerusalem and recognized Jerusalem as the capital of Israel, reversing decades of US policy.
The plan, which has been two years in the making, envisions large-scale investment and infrastructure work in the Palestinian territories.
US President Donald Trump has repeatedly touted his plan for peace between Palestinians and Israelis as the "deal of the century". "Economic progress can only be achieved with a solid economic vision and if the core political issues are resolved". The official spoke on condition of anonymity pending a formal announcement.
Though the plan's authors insist the exact contents are known only to a handful of insiders, Trump's aides have disclosed it will address the major political issues such as the status of Jerusalem. There also was no immediate comment from Israel.
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In the absence of direct talks with Palestinian leaders, USA officials often talk of engaging private Palestinians and "civil society" groups.
The "workshop underscores the close strategic partnership between the Kingdom of Bahrain and the United States as well as the strong and shared interest in creating thriving economic opportunities that benefit the region", Bahrain Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa said in a statement included by the White House. But he said European countries and business leaders would receive an invitation. Trump closed the Palestinian diplomatic mission in Washington, saying the Palestinians refused to engage in peace talks with Israel.
"This is an administration that has taken hundreds of millions of dollars away from the Palestinians in the form of aid to the Palestinians and to the United Nations". They also seek the right of refugees to return to the lands and the recognition of east Jerusalem as the capital of an independent Palestine.
The Palestinians severed ties with the White House after Trump recognized contested Jerusalem as Israel's capital in December 2017 and subsequently moved its embassy from Tel Aviv to Jerusalem.
USA officials had said earlier the peace plan would be rolled out after the Muslim fasting month of Ramadan, which ends in early June.
Kushner said it has been disheartening that the Palestinian leadership has attacked the plan before it's unveiled.
Administration officials described the plan as "very extensive and detailed", telling reporters that the economic and political portions of the plan will be presented in different forums because it is easier to digest in two different settings.