Shikun & Binui

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Shikun & Binui Company
Native name
Hebrew: שיכון ובינוי‎
TypePublic
TASE: SKBN
IndustryConstruction, infrastructures, real estate, concessions, sea water desalinization, renewable energy, industrial wastewater treatment
Founded1924; 97 years ago (1924)
FounderHistadrut - General Federation of Labour in Israel
HeadquartersAirport City,
Lod
,
Israel
Key people
Tamir Cohen, CEO
RevenueIncrease₪ 5,068 million (2015)
Increase₪ 825 million (2015)
Increase₪ 425 million (2015)
Total assetsIncrease₪ 7,371 million (2015)
Total equityIncrease₪ 1,838 million (2015)
Number of employees
11,354 (2014)
Footnotes / references
[1]

Shikun & Binui ; TASE: SKBN) is one of the largest construction and infrastructure, real estate and energy companies in Israel.[2] It is also an international holding and investment company[3] The company's shares are traded on the Tel Aviv Stock Exchange and are included in the TA-100 Index.

History[]

During the British Mandate (1924–1948)[]

Shikun & Binui was established in 1924, during the Mandate for Palestine.[4] It was owned by Solel Boneh the construction arm of the Jewish trade union Histadrut.[5]

Israel, trade union ownership (1948–1996)[]

After 1948, Shikun & Binui played an important role in building the young state.[4] Among many public building projects, Shikun & Binui constructed Israel's parliament (Knesset), the Israel Museum, IDF headquarters, government buildings, the Ministry of Defense, courthouses in Tel Aviv and Haifa, the national police academy, and Yitzhak Rabin Center. Shikun & Binui has constructed solar, hydroelectric, nuclear and conventional power plants across Israel, international shipping ports in Ashdod and Haifa, Israeli hospitals, university campuses, water desalination plants, highways, and many of Israel's railways, including light rail.[6][7]

In 1958, Israel's Foreign Minister Golda Meir encouraged Shikun & Binui's subsidiary Solel Boneh to expand its operations into Africa.[8] Internationally, through its subsidiaries Shikun & Binui built hundreds of miles of roads and bridges and other national infrastructure across Africa and Latin America, hydroelectric plants in Guatemala, the National Library in Nigeria,[6] toll lanes in the United States, commercial and multi-family residential buildings across Europe.[9]

Private company (1996–)[]

In 1996, Israel's General Federation of Labor (Histadrut) privatized its assets, selling shares of Shikun & Binui to its employees and Ted Arison of the Arison Group.[10]

Since 2007, Shikun & Binui has promoted sustainable initiatives.[11]

In 2010, the company signed a $50 million road repair contract with the government of Tanzania government, its first project in Tanzania.[12]

In June 2012, Shikun U'Binui was excluded from the Government Pension Fund of Norway (Europe's largest equity investor) for its involvement in "the building of settlements in breach of international humanitarian law in East-Jerusalem."[13] In December 2012, it was excluded by the New Zealand Superannuation Fund on similar grounds.[14]

In 2018, Naty Saidoff, a US-based real estate investor, purchased the controlling stake in Shikun & Binui from Shari Arison for NIS 1.1 billion.[15]

In 2016, the company completed the construction of toll roads in metropolitan Houston, Texas for US$1 billion.[16] Meanwhile, it also built Cundinamarca 010, a 100-mile toll road in Bogota, Colombia for US$640 million.[17]

In 2018, Shikun & Binui entered into a partnership with the Israel-based startup IntSite Ltd. to develop autonomous cranes. The technology in question is an artificial intelligence-based system that can operate cranes on construction sites with greater safety.[18]

Main subsidiaries[]

Notable projects[]

See also[]

References[]

  1. ^ Shikun & Binui Ltd. Company Profile Dun & Bradstreet
  2. ^ Shikun & Binui gets $337M Azerbaijan deal
  3. ^ Shikun & Binui history, company website
  4. ^ Jump up to: a b [1] About Us, Shikun & Binui
  5. ^ Ross, Andrew (2019) Stone Men. The Palestinians Who Built Israel. Verso. ISBN 978-1-78873-026-6 p. 66
  6. ^ Jump up to: a b [2] Our Projects, Shikun & Binui
  7. ^ [3] Shikun & Binui Ltd., BDi Code
  8. ^ Africa
  9. ^ Dun's 100, Shikun & Binui Real Estate Development (RED)
  10. ^ History, Shikun & Binui
  11. ^ https://www.shikunbinui.com/en-US/company/about-us
  12. ^ Solel Boneh Int'l wins Tanzania road deal
  13. ^ "Et selskap utelukket fra Statens pensjonsfond utland". 15 June 2012.
  14. ^ [4]
  15. ^ Naty Saidoff buys Shari Arison's stake in Shikun & Binui, Globes 2018
  16. ^ "Israeli company to build $640 million toll road in Colombia". Jewish Telegraphic Agency. July 12, 2016. Retrieved July 17, 2016.
  17. ^ Shikun & Binui to build 154 km toll road in Colombia
  18. ^ Israeli Real Estate Company Partners With AI Startup IntSite to Develop Autonomous Cranes
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