This is just western settler colonialism as we've seen for the last few centuries. This region is a bridge between the Middle-East and Africa, and serves as a great base for imperial core countries like the US to destabilize the Middle-East and keep them from uniting.

Its formation used common british colonization tactics [III], with companies literally named "Colonization Commission", "Jewish Colonial Trust" and the like.

Theodor Herzl, founder of the colonial ideology he called "zionism", was himself also just a racist colonizer by his own admission, and saw it as bringing ‘civilization’ to ‘barbarians’ as the rest of Europe did when they were colonizing and enslaving Africa and Asia:

“We should there form a portion of a rampart of Europe against Asia, an outpost of civilization as opposed to barbarism. We should as a neutral State remain in contact with all Europe, which would have to guarantee our existence.” Source [II]

Only difference now is that the US has been the de facto leader of the imperial core since WW2, no longer UK in Europe.