The draft, pushed by Saudi Arabia, aims to protect the Palestinian territories especially in the holy city of Jerusalem, an Arab diplomat told KUNA on Wednesday.
If approved, the draft resolution will be tabled to the UNSC next week, the diplomat predicted.
The move is a reaction it the plan announced by Israel in May to build 800 new settlements in East Jerusalem in counter to international conventions and rules, he pointed out.
The UNSC has passed so far ten resolutions against the Jewish settlements the first of which was the Resolution No. 252 for 1968.
The new draft resolution urges for pressures on Israel to force it into halting the settlement expansion immediately and remove the existing settlements, he noted.
It calls for steps to prevent Israel from confiscating Palestinian territories, razing their farmland and demolishing their homes under any pretexts.
It also calls on the UN agencies to offer all possible humanitarian and economic assistances to the Palestinian people.
It asks the UN Secretary General to follow up the implementation of the possible resolution and report to the UNSC at an early time, the diplomat added, voicing hope the the UNSC members would approve the draft in next week vote.