Israel will rename its capital city to Jerusalem in a move that will allow for an influx of tourists and boost its tourist numbers and its economy.
The change is expected to take place on Jan. 18.
Israeli Prime Minister Benjamin Netanyahu announced the plan last month during a visit to Washington DC, and it is set to be finalised on Tuesday, a day before the first major Jewish holiday, Yom Kippur.
As part of the plan, Jerusalem will become the capital of the new Palestinian state and its surrounding territories.
Israel, the only Jewish state in the Middle East, was the only one of the four original nations to recognize the state of Israel in 1948.
Israel has built a huge Jewish community in Jerusalem since 1967 and it has enjoyed a strong economic boom over the last 20 years.
But the Jewish population in Israel has shrunk to less than 200,000, with the majority of them concentrated in East Jerusalem, which is controlled by Palestinians.