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)

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