Shikun & Binui (, lit. "Housing and Construction"; tase: SKBN) is a global business group based in Israel which operates through subsidiaries in businesses such as infrastructure, real estate, energy and concessions. Shikun & Binui's subsidiaries operate in more than twenty countries.
History
Shikun & Binui was established in 1924, during the Mandate for Palestine.[2] It was owned by Solel Boneh the construction arm of the Jewish trade union Histadrut.[3]
In 1924, Solel Boneh (which later became part of Shikun & Binui) was established by the General Organization of Workers in Israel (the Histadrut) with the aim of uniting the different groups of workers who paved and built infrastructure throughout Israel, resulting in the creation of the largest labor contractor in the country. In 1958, in line with Prime Minister of Israel Golda Meir vision, Solel Boneh expanded its operations into African countries, such as Nigeria, Uganda, Kenya, Ghana and others.
In 1996, the Histadrut's share in the company was sold to the company's employees and to Arison Investments (owned by the late