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Israel's Shikun & Binui wins $390 mln road deal in Nigeria

TEL AVIV, Oct 2 (Reuters) - Shikun & Binui , Israel's leading construction group, won a contract worth $390 million from the government of Nigeria to pave and widen a highway in the Sagamu-Benin region.

The work will be carried out over three years.

Shikun & Binui is controlled by the Arison Group, the investment arm of billionaire Shari Arison. Its shares were up 3.3 percent in morning trade in Tel Aviv.

(Reporting by Tova Cohen)

((tova.cohen@thomsonreuters.com; +972-9-899-0222; Reuters Messaging: tova.cohen.thomsonreuters.com@reuters.net))

Keywords: SHIKUN NIGERIA/CONTRACT