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Solel Boneh (lit. Paving and Building) is the oldest, and one of the largest, construction
Construction

In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of multitasking....
 and civil engineering
Civil engineering

Civil engineering is a Professional Engineer discipline that deals with the design, construction and maintenance of the physical and naturally built environment, including works such as bridges, roads, canals, dams and buildings....
 companies in Israel
Israel

Israel officially the State of Israel , is a country in the Middle East located on the eastern shore of the Mediterranean Sea. It borders Lebanon in the north, Syria in the northeast, Jordan in the east, and Egypt on the southwest, and contains geographically diverse features within its relatively small area....
.

l Boneh was founded in 1921 during the first conference of the General Histadrut
Histadrut

The Histadrut or HaHistadrut HaKlalit shel HaOvdim B'Eretz Yisrael is the Israeli trade union congress.It was founded in December 1920 in Haifa as a Jewish trade union which would also provide services for members such as an employment exchange, sick pay, and consumer benefits....
, under the name of Batz , an acronym of Binyan veAvodot Tziburiot (lit. Construction and Public Works). Its first project was to pave a road from Safed
Safed

Safed is a city in the North District of Israel of Israel and a center for Kabbalah, or Jewish mysticism. At an elevation of 800 meters above sea level, Safed is the highest city in the Galilee....
 to Tzemah, which is now part of Highway 90.






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Solel Boneh (lit. Paving and Building) is the oldest, and one of the largest, construction
Construction

In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of multitasking....
 and civil engineering
Civil engineering

Civil engineering is a Professional Engineer discipline that deals with the design, construction and maintenance of the physical and naturally built environment, including works such as bridges, roads, canals, dams and buildings....
 companies in Israel
Israel

Israel officially the State of Israel , is a country in the Middle East located on the eastern shore of the Mediterranean Sea. It borders Lebanon in the north, Syria in the northeast, Jordan in the east, and Egypt on the southwest, and contains geographically diverse features within its relatively small area....
.

History

Solel Boneh was founded in 1921 during the first conference of the General Histadrut
Histadrut

The Histadrut or HaHistadrut HaKlalit shel HaOvdim B'Eretz Yisrael is the Israeli trade union congress.It was founded in December 1920 in Haifa as a Jewish trade union which would also provide services for members such as an employment exchange, sick pay, and consumer benefits....
, under the name of Batz , an acronym of Binyan veAvodot Tziburiot (lit. Construction and Public Works). Its first project was to pave a road from Safed
Safed

Safed is a city in the North District of Israel of Israel and a center for Kabbalah, or Jewish mysticism. At an elevation of 800 meters above sea level, Safed is the highest city in the Galilee....
 to Tzemah, which is now part of Highway 90. The company was founded as a cooperative
Cooperative

A cooperative is defined by the International Co-operative Alliance Statement on the Co-operative Identity as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled business....
 organization in the spirit of socialist
Socialism

Socialism refers to a broad set of economic theories of social organization advocating public or state ownership and administration of the means of production and distribution of goods, and a society characterized by equality for all individuals, with a fair or Egalitarianism method of compensation....
 workers' groups, but it encountered financial difficulties, which led in 1923 to the founding of a company named "Solel Boneh," based on the organization but managed as a business corporation.

Solel Boneh had an integral role in building in Mandate Palestine and after Israeli statehood was achieved in 1948. Among other projects, the company built the Northern Israel Fence (the "Tegart Wall") in 1938. During the Mandate era it built bridges, airfields, bases for the British Army
British Army

The British Army is the Army branch of the British Armed Forces. It came into being with the unification of the Kingdoms of Kingdom of England and Kingdom of Scotland into the Kingdom of Great Britain in 1707....
 and army projects in Iraq
Iraq

Iraq , officially the Republic of Iraq , is a country in Western Asia spanning most of the northwestern end of the Zagros Mountains, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....
, Egypt
Egypt

Egypt is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Western Asia. Covering an area of about , Egypt borders the Mediterranean Sea to the north, the Gaza Strip and Israel to the northeast, the Red Sea to the east, Sudan to the south and Libya to the west....
, Bahrain
Bahrain

The Kingdom of Bahrain, in , , literally Kingdom of the Two Seas).Bahrain is an Arabic island country in the Persian Gulf ruled by the Al Khalifa regime....
 and Cyprus
Cyprus

Cyprus , officially the Republic of Cyprus , is an island country situated in the eastern Mediterranean Sea, east of Greece, west of Lebanon, Syria, and Israel, south of Turkey and north of Egypt....
.

Solel Boneh helped strengthen the Israel Defense Forces
Israel Defense Forces

The Israel Defense Forces , commonly known in Israel by the Hebrew Acronym and initialism Tzahal , are Israel's military forces, comprising the GOC Army Headquarters, Israeli Air Force and Israeli navy....
 during the 1948 Arab-Israeli War
1948 Arab-Israeli War

The 1948 Arab-Israeli War, known by the Israelis predominantly as War of Independence and War of Liberation , and by Palestinians as the Catastrophe , was the first in a series of wars fought between the Declaration of Independence State of Israel and its Arab neighbours in the long-running Arab-Israeli conflict....
, and it built strongholds and systems to supply water, in practise becoming the basis of the first logistics
Logistics

Logistics is the management of the flow of goods, information and other resources, including energy and people, between the point of origin and the point of consumption in order to meet the requirements of consumers ....
 unit in the IDF.

In 1961, shares
Share (finance)

File:Stora Kopparberg 1288.jpgIn finance, a share is a unit of account for various financial instruments including stocks , and investments in mutual funds, limited partnerships, and Real estate investment trust's....
 of Solel Boneh were first traded on the Tel Aviv Stock Exchange
Tel Aviv Stock Exchange

The Tel Aviv Stock Exchange in Tel Aviv is Israel only stock exchange.The TASE is the only public market for trading securities in Israel. It plays a major role in the Economy of Israel....
.

Israeli firms, such as Solel Boneh, were often involved in building projects in Africa during the 1960s and 1970s. One reason Operation Entebbe
Operation Entebbe

Operation Entebbe, also known as the Entebbe Raid or Operation Thunderbolt, was a Counterterrorism hostage-rescue mission carried out by the Israel Defense Forces at Entebbe Airport in Uganda on the night of 3 July and early morning of 4 July 1976....
 in 1976 was so well-planned was that the building in which the hostages were being held had been built by Solel Boneh, which still had the blueprints, and supplied them to the government of Israel.

In 1984, a subsidiary, Solel Boneh Building and Infrastructure, was founded under full control of the parent company. In 1989, control of Solel Boneh was passed on to Housing & Construction Holding Company Limited
Housing & Construction Holding Company Limited

The Housing & Construction Holding Company Limited , is one of the largest companies in Israel, involved in infrastructure, real estate, construction, and an international Holding company and investment company....
 (Shikun U'Binui). In 1996, control of that holding company
Holding company

A holding company is a company that owns other companies' outstanding stock stock. It usually refers to a company which does not produce goods or services itself, rather its only purpose is owning shares of other companies....
, including Solel Boneh, was passed on to Ted Arison
Ted Arison

Ted Arison was an Israeli-American businessman who co-founded Norwegian Cruise Lines in 1966 with Knut Kloster and founded Carnival Cruise Lines in 1972....
 and later to his daughter, Shari Arison
Shari Arison

Shari Arison is an Israeli-American businesswoman and Israel's wealthiest citizen. She is the owner of several businesses, the largest among them Bank Hapoalim....
, after his death in 1999.

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