A cash boost of hundreds of millions of dollars and more control of land in the occupied West Bank are among Palestinian demands in the event of a three-way deal involving the US, Saudi Arabia and Israel, the BBC has learned, APA reports.
Officials from the Palestinian Authority (PA) held talks in Riyadh with Saudi counterparts on Wednesday.
They were also due to see US officials.
The Americans are long thought to have been pushing for a landmark pact to normalise Israel-Saudi ties.
It would be underwritten by Washington and would include a major security deal the Saudis want to achieve with the US. But the prospects for such agreements face significant obstacles and remain distant.
"We don't expect any imminent announcements or breakthroughs in the period ahead," said White House National Security Adviser Jake Sullivan on Tuesday.