AlHijjah 7, 1432, Nov 3, 2011, SPA -- Prince Turki Al Faisal, Chairman of King Faisal Center for Research and Islamic Studies, highlighted the importance of the Arab peace initiative, which he described as the only real option to achieve peace in the Middle East. During his participation at a conference held yesterday in the Washington Institute for Peace on the occasion of the twentieth anniversary of the convening of the Madrid Conference for Peace in the Middle East, he pointed out that the Arab peace initiative was first proposed by the Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz Al Saud.