The problem being in the missed fact, that it is not Israeli land to build upon. It is occupied land, and the IV. Geneva Convention, of which Israel is a signatory, prohibits transfer of civilian population (or resource usage from said land, apart from the needs of the original population) into the occupiled lands. So what Israel is doing is in fact a war crime. Israel, you're making it very hard to love you any more.
U.S. to deliver 8 advanced F-16s to Egypt on July 30-31, U.S. embassy in Cairo says (Reuters)