Shikun & Binui

Shikun & Binui
מיכאל יעקובסון · Attribution · source
Name	Shikun & Binui
Type	Public
Industry	Construction and Infrastructure
Founded	1924
Headquarters	Tel Aviv, Israel
Key people	Dov Lautman, Eyal Arnon, Udi Segal
Revenue	(example figure)
Employees	(approximate)

Shikun & Binui

Shikun & Binui is an Israeli global construction and infrastructure conglomerate with activities spanning construction, real estate development, concessions, energy, and water. The company traces roots to the early Zionist settlement movement and has expanded into international markets across Africa, Europe, Asia, and the Americas. It operates through multiple subsidiaries and has been involved in major transport, energy, and urban development projects that intersect with firms, governments, and multilateral lenders.

History

Established during the British Mandate period, the firm grew alongside institutions such as the Histadrut, Jewish Agency for Israel, Haganah, and early municipal authorities in Tel Aviv and Jerusalem. In the post-1948 period the company engaged with the Israeli government, collaborating on public housing programs, urban master plans for Haifa and Beersheba, and infrastructure projects connected to the National Water Carrier of Israel and port works at Ashdod and Haifa Bay. During the 1960s–1980s the company diversified amidst partnerships with conglomerates like Delek Group and financial houses such as Bank Leumi and Bank Hapoalim. In later decades corporate strategy aligned with international finance institutions including the European Investment Bank, World Bank, and African Development Bank for projects in Ghana, Ethiopia, Kenya, and Romania. Leadership transitions involved figures connected to Israeli industry such as members of the Histadrut leadership and business executives who interfaced with entities like Israel Corporation and the Tel Aviv Stock Exchange.

Operations and Business Units

Operations are organized across construction, concessions, real estate, energy, and water sectors with subsidiaries and joint ventures involving entities like Africa Israel Investments, Shikun Ovdim, Electra, Elbit Systems (in infrastructure technology contexts), and regional contractors in Nigeria, Angola, and Poland. The construction division undertakes high-rise residential towers in cities like Ramat Gan and Netanya and institutional projects for bodies such as Clalit Health Services and Hadassah Medical Center. Concessions work includes public-private partnership (PPP) frameworks similar to contracts awarded in Portugal and Spain for toll roads and urban transit, with financing models tied to export credit agencies like Coface and national treasuries. Energy operations have intersected with renewable developers such as Ormat Technologies and utilities resembling Israel Electric Corporation, while water projects draw on expertise paralleled by firms like Mekorot and international engineering contractors like Bechtel and VINCI.

Major Projects and Developments

Notable projects have included large-scale residential neighborhoods echoing early garden city plans influenced by Sir Patrick Abercrombie-style urbanism, transport concessions comparable to the Ayalon Highway upgrades, and international infrastructure jobs in countries such as Angola, Mozambique, Romania, and Kazakhstan. The group has been involved in complex PPPs akin to the Crossrail and metro extensions seen in Paris and Istanbul, airport terminals with scope similar to expansions at Ben Gurion Airport and port upgrades reminiscent of projects at Piraeus and Jebel Ali. Landmark real estate developments reference mixed-use projects in central business districts comparable to Tel Aviv Savidor Center and redevelopments similar to Docklands initiatives in London.

Corporate Governance and Ownership

Ownership and governance have featured family shareholders linked to early Zionist entrepreneurs and public shareholders traded on the Tel Aviv Stock Exchange. Governance practices follow reporting norms analogous to standards by the Israel Securities Authority and international corporate governance codes used by companies listed on exchanges such as the New York Stock Exchange and London Stock Exchange for comparability. Boards have included executives with backgrounds at institutions like Paz Oil, Clal Industries, and legal advisors experienced with the Ministry of Finance and regulatory agencies. The company has navigated litigation and compliance matters involving courts such as the Tel Aviv District Court and arbitration forums like the International Chamber of Commerce.

Financial Performance

Financial results reflect revenues tied to long-term concession income streams and project-based construction contracts with capital deployed via consortium financing involving banks like HSBC, Barclays, Deutsche Bank, and Israeli lenders such as Bank Hapoalim and Bank Leumi. Bond issuances and equity transactions align with practices observed in corporate finance cases involving Teva Pharmaceutical Industries and major infrastructure players. The firm’s financial health has been reported in filings consistent with International Financial Reporting Standards and audited by accounting firms comparable to the Big Four such as KPMG and PwC.

Sustainability and Corporate Social Responsibility

Sustainability initiatives have addressed green building standards similar to LEED, energy efficiency programs paralleling projects by SolarEdge Technologies and Siemens Gamesa, and water management schemes comparable to Mekorot and Veolia. CSR efforts include community development in Israeli municipalities like Beit Shemesh and support for vocational training initiatives akin to programs run by ORT Israel and partnerships with academic institutions such as Technion – Israel Institute of Technology and Tel Aviv University. The company engages with international frameworks, echoing commitments under accords like the Paris Agreement in corporate reporting and links with multilateral development banks for social and environmental safeguards.

Category:Construction companies of Israel Category:Companies based in Tel Aviv