It said that the plan aimed to raise more than $50 billion over the next decade, with a goal of more than doubling Palestinian Gross Domestic Product. But it makes no mention of the core political issues of the conflict: the contested holy city of Jerusalem, the fate of Palestinian refugees, or the borders of a future Palestinian state.
The scheme, which calls for a mix of public and private financing and intends to create at least a million new jobs for Palestinians, was posted to the White House website before a two-day conference in Bahrain. "Only through peace can the Palestinians achieve prosperity".
But White House officials have also played down expectations for the Manama conference, which will put Kushner just across the Gulf from Iran. Such matters, USA officials have said, may have to wait until the fall, after Israeli elections, leaving numerous questions that potential investors nearly certainly want answers to before making even tentative financial commitments.
"We reject the "deal of the century" and all its dimensions, the economic, the political and the security dimensions", Rudwan told Reuters.
Mounir el-Jagoub, information officer for Palestinian President Mahmoud Abbas's Fatah party, said the plan was based on using Arab money "to kill the political aspirations of the Palestinian people".
"I can't understand how the Palestinians rejected the plan before even hearing what it is in it", Netanyahu said. "In the old days, the Palestinian leaders would have spoken and nobody would have disobeyed".
"For America to turn the whole cause from a political issue into an economic one, we can not accept this". Without Palestinian approval, there is no value to any meeting, and without a political horizon, no one will deal with any effort. He appealed to Bahrain's king to "take a fearless, strong, authentic Arab decision not to host this workshop" and called on Arab countries to cancel their planned participation.
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Hamas, the Islamist militant group that controls Gaza, was more blunt, insisting: "Palestine isn't for sale". The plan includes 179 infrastructure and business projects, according to details of the plan and interviews with US officials, Reuters reported.
After Israel's creation in 1948, Jordan, Syria and Lebanon absorbed the most Palestinian refugees, with some estimates that they now account for around five million.
In fact, the Arab attitude towards the Palestinians has been consistent since 1949 - when Jordan and Egypt occupied Judea and Samaria and the Gaza Strip, and did not transfer the regions to the Palestinians.
The Palestinian leadership has already rejected the plan, citing United States "bias" after the White House recognised bitterly divided Jerusalem as Israel's capital.
Although Washington's Gulf Arab allies are supportive of the plan, Israel's immediate neighbors have been more reluctant to embrace it.
Prime Minister Benjamin Netanyahu confirmed Israel's participation in the conference, noting, "An important conference will be held soon in Bahrain and Israelis will participate in it, of course".