U.S. President Donald Trump invited Prime Minister Benjamin Netanyahu and his political rival, Kahol Lavan leader Benny Gantz, to the White House next week to discuss regional mattes and "the possibility of peace in the holy land," Vice President Mike Pence said on Thursday, reports Haaretz.

Earlier it was reported that the White House intends to release a statement regarding Trump's peace plan soon, according to Israeli officials.

Speaking after a joint meeting at the U.S. Embassy in Jerusalem, Pence said that at Netanyahu's proposal, he also invited the prime minister's chief political rival, Kahol Lavan leader Benny Gantz, to join the visit. He added that Gantz accepted the invitation and will also meet with Trump at the White House.

Netanyahu reiterated that it was his idea to invite Gantz, "Because it is important we don't lose this historic opportunity, with such backing from the White House."

According to Channel 12 News' political correspondent and analyst Amit Segal, the White House will present Netanyahu and Gantz a plan that includes applying Israeli sovereignty to all West Bank Israeli settlements save 15, while creating a territorial continuity.

In addition, the plan will once again recognize Jerusalem as Israel's capital and will allow Israel to immediately annex West Bank communities, with Jerusalem agreeing to the establishment of a Palestinian state at a later time.