An Israeli lawmaker said that the demarcation of borders between Saudi Arabia and Egypt can be a chance for rapprochement between the Zionist entity and the Gulf Kingdom.

Chairman of Foreign Affairs and Defense Committee in the Israeli Knesset said that the demarcation of borders between Saudi Arabia and Egypt can be a chance for rapprochement between the Zionist entity and the Gulf Kingdom.

“The border demarcation agreement represents a chance for rapprochement with Saudi,” Tzachi Hanegbi told Israel's Army Radio in an interview.

“It relates to us and it does not bother us," the lawmaker in Prime Minister Benjamin Netanyahu’s Likud party said, stressing that the treaty would not threaten Tel Aviv.

"The Saudis, who are committed to freedom of shipping under international law, will not harm the essence of the agreement between Egypt and us in this regard, and freedom of shipping in Aqaba and Eilat will remain as is,” Hanegbi added.

Earlier last week, Egypt returned two Red Sea islands in a strategic strait to Saudi Arabia.

The islands of Tiran and Sanafir, located at the southern entrance to the Gulf of Aqaba, will be formally demarcated as being in Saudi waters under a treaty announced on Saturday by Cairo, which has had de facto control over them since 1950.