Sunday's conference to be attended by some 70 nations is aimed at exploring ways to restart long-stalled Israeli-Palestinian peace efforts.
Israel rejects the conference but Netanyahu says he is willing to hold bilateral talks.
The Palestinians have welcomed the multilateral approach, saying years of negotiations have not ended Israel's occupation of the West Bank.
"It's a rigged conference, rigged by the Palestinians with French auspices to adopt additional anti-Israel stances," Netanyahu said while meeting Norwegian Foreign Minister Borge Brende in Jerusalem.
Israeli-Palestinian peace efforts have been at a standstill since a US-led initiative collapsed in April 2014.
The conference comes on the heels of a landmark UN Security Council resolution passed on December 23 calling for a halt to Israeli settlement building in Palestinian territory.
In a rare move, the United States declined to use its veto and abstained, allowing the measure to pass 14-0.
Israel fears this weekend's conference will produce measures that could then be taken to the Security Council and approved before January 20 -- when Donald Trump takes over as US president.
Obama's administration became increasingly frustrated with settlement building in east Jerusalem and the West Bank, which Israel occupied in 1967.
Israel later annexed east Jerusalem in a move never recognised by the international community.
Settlements are built on land the Palestinians view as part of their future state and are seen as illegal under international law.
The United States and others say continued settlement building is steadily eating away at the possibility of a two-state solution to the Israeli-Palestinian conflict.
The settler movement holds important political power in Israel, and key members of Netanyahu's coalition push hard for more construction in the West Bank.
Some openly oppose a Palestinian state and call for Israel to annex most of the territory.
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