Arison Group Company Shikun & Binui, Israel’s Leading Infrastructure and Real Estate Group, Enters U.S. Market with Participation in Large Infrastructure and BOT Tenders
TEL AVIV, Israel and LOS ANGELES, April 17, 2012 /PRNewswire/ — Shikun & Binui Group (TASE: SKBN), a leading global infrastructure and real estate company and a member of the Arison Group, announced today that it is participating in a number of large infrastructure tenders in the U.S., officially marking its entrance into the North American market. The Company is currently participating in tenders for the construction of highways and large scale BOT (Build, Operate, Transfer) projects.
As part of the company’s commitment to sustainable building practices, as well as its drive to build successful projects that are socially and ecologically responsible, Ravit Barniv, the group’s chairperson, along with company executives, will be attending the Fortune Brainstorm Green conference in California this week. Barniv will present the company’s environmentally sustainable vision and policy as well as begin to outline the Company’s U.S. strategy.
Shikun & Binui’s U.S. activities will be guided by the Company’s decades of experience in constructing large scale infrastructure projects around the world, ensuring that its projects continue to meet the best interests of shareholders, employees, customers and the environment.
“The vision of Shikun & Binui is in line with the approach that many leading construction companies around the world have adopted over the last several years,” said Barniv. “While the U.S. is a mature and developed market, we strongly believe that our experience and the high standards we demand for every project will allow us to make significant contributions in North America. Our group brings operational and managerial excellence along with the insight that sustainable development of infrastructure projects will not only benefit our generation, but future generations as well.”
About Shikun & Binui
Founded in 1924 and traded on the Tel Aviv Stock Exchange and headquartered in Israel, Shikun & Binui is a leading global infrastructure group. From its establishment in Israel, the group’s operations have expanded to 20 countries around the world, including operations in Africa, Central America and East European countries. In 2011, the Company reported revenue of $1.5 billion.
Since launching its “Sustainability First” approach several years ago, Shikun & Binui has become Israel’s leading environmentally friendly infrastructure company. The Company’s commitment to the environment has led it to enter several new markets, including renewable energy generation and large-scale water projects. The company is currently participating in tenders for the construction of advanced solar energy power plants in Israel, and made significant contributions to the construction of the largest water desalination plant in the Middle East. The desalination plant opened in May 2010 and is currently producing 150 million cubic meters of water per year.
Shikun & Binui’s subsidiary, Shikun & Binui Real Estate, is the leading and largest residential real estate company in Israel, implementing environmentally sound building values, integrating environmentally responsible and energy efficient designs into every project. The company’s vision is aimed at creating a sustainable living environment, taking into account the needs of both current and future generations at every stage of design and execution.
For more information or to schedule an interview with a company executive, please contact:
Finn Partners Israel for Shikun & Binui
SOURCE Shikun & Binui Group