Norway Boycotts Israeli Construction Firm

Norway's Ministry of Finance excludes Shikun & Binui Ltd. from the Government Pension Fund's global investments.

Gil Ronen ,


Norway's Ministry of Finance has decided to exclude Israeli construction firm Shikun & Binui Ltd.. from the Norwegian Government Pension Fund's global investments.

The company, which is one of the largest in the Israeli construction industry, is being boycotted because it is "involved in the construction of settlements in violation of international law in East Jerusalem," Aftenposten reported Thursday.

The news outlet mentions a construction project called "Ramat Rachel Dreams," which will be completed in January 2013.

It also claims the company has been involved, either directly or through wholly owned subsidiaries, "in the construction of settlements in the occupied territories of the West Bank and East Jerusalem, including Ma'aleh Adumim."

Wholly-owned subsidiaries of Shikun & Binui are also involved in the assembly of the "West Bank wall," according to the report. This is a reference to the security wall that keeps suicide bombers from entering Israel on their mass murder missions.

Companies already being boycotted by the Norwegian pension fund for their activities in Judea and Samaria include Africa Israel Investments and Danya Cebus.