[citation needed] Solel Boneh was founded in 1921 in British-ruled Palestine, during the first conference of the Jewish trade union, the General Histadrut, under the name of Batz (בע"ץ‎), an acronym of Binyan veAvodot Tziburiot (בניין ועבודות ציבוריות‎, lit.

It was resurrected by the Histadrut and the World Zionist Organization as a company named "Solel Boneh", based on the organisation but managed as a business corporation.

[5] Solel Boneh helped strengthen the Israel Defense Forces during the 1948 Arab–Israeli War, and it built strongholds and systems to supply water, in practice becoming the basis of the first logistics unit in the IDF.

One reason Operation Entebbe 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 Israeli government.

[citation needed] In 1989, control of Solel Boneh was passed on to the Housing & Construction Holding Company Limited (Shikun U'Binui).