Shikun & Binui

A large infrastructure and construction company group. The group develops real estate and infrastructure construction projects in Israel, the occupied territories, and in central and eastern Europe.

Subsidiaries of the company are involved in several construction projects in the occupied West Bank. Solel Boneh constructed housing projects in the settlements of Homat Shmuel (Har Homa), Ariel, Imanuel, and Modi'in Illit (as a subcontractor), and supplied materials for the checkpoints. Solel Boneh also has a factory for construction materials in Kiryat Sefer, which is a neighborhood in the West Bank settlement of Modi'in Illit.

Another subsidiary, Housing and Construction Real Estate Development (Shikun Ovdim), built housing projects in the settlement of Modi'in Illit and the Ramot neighborhood in Jerusalem, which is beyond the Green Line.

In 2016, Solel Boneh started building a new concrete wall on Israel's border with the Gaza Strip. This is a pilot project for a wall that would eventually encircle the entire Gaza Strip and that would extend dozens of feet underground.

Economic Activism Highlights

  • Danish pension fund PKA Ltd. excluded Shikun v Binui in 2014 over its role in financing settlement building in East Jerusalem.
  • In 2012, Norway’s Government Pension Fund Global (GPFG) excluded Shikun v Binui on the grounds that its financing of settlement building in East Jerusalem is a “breach of international humanitarian law.”

Stock symbols

TASE : SKBN

Reasons included