The summit is meant to drum up investment in Gaza and the occupied West Bank but will avoid discussing even basic political issues like whether the USA envisions an independent Palestinian state.
The deal appears to put greater emphasis on the economic and human development approach to crisis management, reiterating the Trump administration's desire to go beyond what it perceives as decades of ideological and ineffective diplomacy in the Palestine-Israel question.
Senior White House Advisor Jared Kushner speaks with guests after U.S. President Donald Trump delivered remarks on immigration reform in the Rose Garden of the White House in Washington, May 16, 2019.
Nine months ago, US President Donald Trump pledged that his administration would come up with a concrete plan, which he referred to as the "deal of the century".
Officials say the June 25-26 conference will not include the core political issues of the conflict: final borders, the status of occupied Jerusalem, the fate of Palestinian refugees or Israeli security demands.
Sheikh Mohamed Hussein, who was speaking in Rabat at an event held by the Palestinian embassy, said that Al Quds will never be a subject of transactions or compromise, referring to the attempts by Israel and the U.S. to alter its character.
"Any economic plan without political horizons will lead nowhere..."
USA officials said the conference would include representatives and business executives from Europe, the Middle East and Asia, as well as some finance ministers.More news: Breaking! Scarlett Johannson gets engaged to Colin Jost, details inside!
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Washington said the workshop is expected to bring together finance ministers along with global and regional business leaders to discuss the economic future of the disputed regions once a permanent solution is brokered.
While the Trump administration has hoped that economic investment would be a strong enough incentive to build support for its plan among the Palestinian people, so far leaders outside of politics have also rejected this summit.
Nur Arafeh, an analyst with Palestinian policy think tank Al Shabaka, said the Bahrain conference is in "line with the historical American approach to solving the so-called conflict..."
"There's a tremendous amount of opportunity, the world is willing to step up and work on this", the official said.
"All efforts to make the oppressor and the oppressed coexist are doomed to fail".
Secretary General of the Palestine Liberation Organisation, Saeb Erekat, also said officials had not been contacted by anyone ahead of the announcement.
Shtayyeh reiterated Palestinians' aspirations for a two-state peace agreement with Israel entailing control of the occupied West Bank and Gaza - now run by the Islamist group Hamas - as well as East Jerusalem as their future capital.
"We do not submit to blackmail and we don't trade our political rights for money".
"Economic progress can only be achieved with a solid economic vision and if the core political issues are resolved", Kushner said in a statement Sunday.