Housing and Construction Holding Co. (Shikun & Binui Group)
קבוצת שיכון ובינוי

Head office: 1A Ha’yarden St., P.O.B 1133, Airport City 7010000, Israel, Tel: +972-3-6301111 www.shikunbinui.com

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A publicly-traded Israeli infrastructure and real estate company involved in various fields, including infrastructure, real estate development, water, energy, and concessions.

The Group has significant involvement in the construction and expansion of illegal Israeli settlements and occupation infrastructure in the occupied West Bank and East Jerusalem, as well as surrounding the besieged Gaza Strip.

As a leading Israeli infrastructure and construction company, the Group through its fully owned subsidiary Housing and Construction – Solel Boneh Infrastructures has been involved in the construction of settlement-accompanying infrastructure such as Road 90, one of Israel’s central roads, which goes through the West Bank, including the Jordan Valley region.

Solel Boneh was also awarded a 2019 contract for construction work on the green line of the Jerusalem light rail, which connects large Israeli settlement blocs in occupied East Jerusalem with the western part of the city, expropriating occupied Palestinian land and promoting increased territorial contiguity for settlements alongside growing territorial fragmentation for East Jerusalem’s Palestinian neighbourhoods.

In the same year, the company was awarded a contract for the construction of the Tunnel Road, a section of Route 60 on which Palestinian vehicles are prohibited from travelling. The Tunnel Road connects the southern part of the West Bank to Jerusalem, bypassing the Palestinian city of Bethlehem. The road passes directly under the Palestinian town of Beit Jala and provides access to Jerusalem without coming in view of surrounding Palestinian villages and neighbourhoods.

Solel Boneh Infrastructures was also involved in the expropriation of occupied Palestinian land, through carrying out construction work in Modiin Illit, Ariel, Ma’ale Adumim, Ramat Shlomo and Har Homa settlements.

Solel Boneh Infrastructures was also awarded an Israeli Ministry of Defence (MOD) contract valued at 1.2 billion NIS for the development and construction of above ground and underwater technological wall armed with sensors around the besieged Gaza Strip.

Shikun & Binui holds a 50% stake in Policity, the consortium that won the tender to construct the Israeli police’s national training center under a PPP/PFI agreement providing financing, planning, installation, operation and maintenance of the training center for a period of 25 years. The center was built by Solel Boneh in 2014.

Shikun & Binui is also significantly involved in the Israeli government plan for the industrialization and development of the Naqab (Negev) region. The plan aims to expand industrial production and military presence in the region, with the aim of increasing the region’s Israeli Jewish population and their prosperity. This plan comes at the direct expense of the Naqab’s Palestinian population, especially those living in villages that have not been recognized by the Israeli state, thus placing them in imminent danger of forced displacement.

In the Naqab, the Group is involved in the relocation of military facilities to the region and the development and maintenance of solar energy fields. In 2020, the Group won a 12 billion NIS contract to finance, plan, develop, operate and maintain Lekit Campus, an Israeli military intelligence campus, for 26 years. The Campus will be located between Omer’s industrial park and Lakiya village. The new campus will host the military’s intelligence operations and house 12,000 permanent soldiers. The campus is set to be connected to Israel’s national railway network with a light rail from the city of Beer Sheva and a railway from Lehavim-Rahat train station.

In 2018, the company and Africa Israel Ltd., won equal shares in a 7 billion NIS Israeli MOD contract for the planning, construction and operation of an ICT military campus and the military’s Southern Command unit. The project will be run by the companies for 25 years and includes a data center stretching over 180 dunams and some 200,000 square meters of buildings. The site is to host some 5,000 permanent soldiers, including the Israeli military’s cyber units.

In the same year, the Group won another Israeli MOD contract for the renovation and expansion of Emanuel military base in the Naqab worth 200 million NIS.

In the field of green energy, the company’s fully owned subsidiary Shikun & Binui Energy has been involved in the development, construction and maintenance of major solar farms in the Naqab. Together these farms produce over 300-MW of electricity and take over thousands of dunams of land.

Moreover, in 2020, the company’s subsidiary Shikun & Binui Holdings Ltd. and Edletech won the Israel Electric corporation tender for the sale of the Ramat Hovav power plant which operates on natural gas. The power plant is located in Ramat Hovav industrial zone, home to Israel’s most dangerous and health-hazardous wastes, is located a few meters from the unrecognized Palestinian Beduin village of Wadi Naam.

In September 2020, the companies signed an agreement with the consortium that owns the Leviathan natural gas field [Delek Drilling (45.34%), Nobel Energy Mediterranean Ltd (39.66%) and Ration Oil Exploration (1992) – limited partnership (15.00%)], for the supply of natural gas to the power plant.

The Leviathan gas field is located in the Mediterranean, and the authorization of its extraction by the Israeli state comes in violation of the Paris Protocol, the economic annex of the Oslo Accords Agreement, which calls for the establishment of a joint Development Program, to provide for joint “exploitation of oil and gas for industrial purposes.” Israel’s blockage of Palestinian’s ability to develop their natural resources leads to the de-development of the Palestinian economy.



Ownership

The company is publicly traded on the Tel Aviv Stock Exchange under the ticker symbol SKBN.

Major shareholders: O.S Israel Investment Company ltd. (46.99%), Clal Insurance Ltd. (6.68%), The Phoenix Insurance company Ltd. (5.08%).

CEO: Tamir Cohen


Subsidiaries

Fully owned subsidiaries: Shikun & Binui America, Shikun & Binui Real Estate, Shikun & Binui Solel Boneh, Shikun & Binui Concessions, Shikun & Binui Energy, Shikun and Binui Europe, Shikun & Binui SBI Infrastructure.

The company also holds 50% of shares in Negev Energy Ashalim Thermo-solar Ltd.


Partners

The company’s main partners are governmental bodies, in Israel (including the Ministry of Defense, the Israeli police, Netivei Israel – National Transport Infrastructure Company) and internationally.

All the information contained in this page is valid until Tue 17/11/2020



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