Israeli Prime Minister Benjamin Netanyahu has stated that Riyadh now view Israel "as an ally rather than as an enemy." He believes this is because of a "great shift taking place" on Arab reluctance to support the Palestinian issue.
The mutual fear of Iran and ISIS were also cited as reasons for being allies.
“Saudi Arabia recognizes that Israel is an ally rather than an enemy because of the two principle threats that threaten them, Iran and Daesh (ISIS)," he told CNN’s Fareed Zakaria on the sidelines of the World Economic Forum in Davos Friday.
"By nurturing these relationships that are taking place now with the Arab world, that could actually help us resolve the Israeli-Palestinian conflict, and we’re actually working towards that end,” he said.
Saudi Arabia and Israel are both staunch opponents of Iran.