(JNS) Saudi Crown Prince Mohammed bin Salman has offered Palestinian Authority leader Mahmoud Abbas $10 billion to accept U.S. President Donald Trump’s upcoming Mideast peace plan for Israelis and Palestinians, reported the Lebanese daily Al-Akhbar.

“According to information obtained by Al-Akhbar, Salman briefed Abbas about the details of the deal of the century and asked him to accept it. Salman then asked Abbas: “How much money does the Palestinian Authority and its ministers and employees need?”

Abbas replied with an answer of $1 billion annually, to which the Saudi crown prince replied: “I will give you $10 billion over 10 years if you accept the deal of the century.”

According to the outlet, among economic and other incentives, the Saudi offer also includes the founding of a Palestinian embassy in the West Bank town of Abu Dis, located on Jerusalem’s eastern outskirts.

Abbas rejected the offer, saying it would “mean the end of my political life.”