 During the years 1960-69, Solel Boneh carried out the construction of the Basilica of the Annunciation in Nazareth.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 the Housing & Construction Holding Company Limited (Shikun U'Binui).