"The Egyptian proposal is the real chance to find a solution to the crisis in Gaza and to end the bloodshed," Sisi told a joint news conference with visiting Italian Prime Minister Matteo Renzi.
"Time is decisive, we have to take advantage of it quickly to douse the fire in the (Gaza) Strip... and to stop the bloodshed of Palestinians."
A Palestinian delegation is expected in Cairo on Saturday to discuss a truce, a day after a temporary ceasefire collapsed with Israel and Hamas blaming each other, AFP reported.