Concord Group Explained

Concord Group
Type:Public limited company
Established:[1]
Location:Concord Centre, Gulshan, Dhaka, Bangladesh
Coordinates:23.7952°N 90.4134°W
Key People:
Num Employees:2500
Homepage:
    Footnotes:[2] [3] [4]

    Concord Group is a Bangladeshi conglomerate[5] that was founded in 1973.[3] The industries under this conglomerate include construction, real estate, architecture & design, communication, entertainment, hospitality, and garments.

    History

    Concord Group was founded in 1973.[3] In 2002, Concord Group built a multimillion-dollar amusement park in Savar called Fantasy Kingdom.[6] In 2004, the Government of Bangladesh leased the historic Foy's Lake to Concord Group for 50 years to develop it into a resort and amusement park named Foy's Lake Concord.[7] [8] In 2007, Concord Group began construction work on a shopping Complex called Police Plaza, which was built in partnership with the Bangladesh Police Welfare Trust of the Bangladesh Police.[9] The building is located in Gulshan Thana and was completed in 2015.[10]

    They set up the first satellite township in Bangladesh[11] and constructed the country’s first revolving tower in Chittagong.[12] They constructed 7 world-class theme parks in Bangladesh including Fantasy Kingdom & Foy's Lake Complex.[13] They introduced new technology involving reinforced concrete block masonry to serve as a better structural system for earthquake-prone zones.

    Controversy

    The Department of Environment fined Concord Group 1.4 million taka for building 12-story and two 15-story buildings without their permission.[14]

    On 17 September 2015, the Bangladesh High Court requested that Concord hand over an 18-story building built on land occupied by the Salimullah Orphanage; said court determined that the contract used to acquire the land was illegal.[15]

    Awards

    Concord Group won the 2010 BID International Quality Summit (IQS) Award in New York based on "Excellence, Innovation, Customer Satisfaction, Technology, Leadership Strategic Planning & Business Results".[16] They also received the Daily Star - DHL Bangladesh Business Award in the category: "Enterprise of the year 2000' in recognition of "Outstanding Leadership Quality and as Role model in Corporate Business in Bangladesh.”[17] In 2022, they won a National Environment Medal for their contributions to environment protection and pollution control in Bangladesh.[18] [19]

    Projects

    The group's main business is real estate & construction. This organization has developed over 1,200 residential, Commercial property projects by 2023, including, private property, autonomous property, government projects and monuments.[20]

    Notable Projects by Concord Group
    Project Name Project TypeAddressConstructionArchitectAuthorityReferences
    Start DateEnd Date
    National Martyrs' MemorialMonument Savar, Dhaka19821982Syed Mainul HossainGovernment of Bangladesh[21]
    Main passenger terminal & VVIP terminal buildings of Dhaka International AirportAirport Kurmitola, Dhaka1983Civil Aviation Authority of Bangladesh (CAAB)[22]
    Singapore City Telecommunication Center BuildingCommercial building Singapore1986BEP Akitek Sdn BhdSingapore Telecommunications Limited[23]
    Bangladesh Shilpa Bank BhabanCommercial building Motijheel, Dhaka19801983Syed Mainul HossainGovernment of Bangladesh
    Janata Bank BhabanCommercial building Motijheel, Dhaka1985Syed Mainul HossainJanata Bank[24]
    Jiban Bima TowerCommercial building Motijheel, Dhaka1983Jiban Bima Corporation
    Shaheed Suhrawardy Indoor StadiumIndoor stadium Mirpur, Dhaka
    BTV auditoriumAuditorium Rampura, Dhaka
    Titas Gas BhabanCommercial building Kawran Bazar, Dhaka
    IDB bhabanCommercial building Agargaon, Dhaka
    Fantasy KingdomAmusement park Savar, Dhaka
    Foy's LakeAmusement park Chattogram, Dhaka[25]
    Shaheed Zia Memorial Complex and Mini BangladeshAmusement park Chattogram, Dhaka[26]
    World Trade Center ChittagongCommercial building Chattogram, DhakaAugust 29, 2006January 30, 2016Chittagong Chamber of Commerce & Industry (CCCI)[27]

    List of companies and establishment dates

    1. Late 1972: Concord Construction Co
    2. 1976-02-10 : Concord Engineers & Construction LTD
    3. 1983-03-05 : Jeacon Garments LTD
    4. 1988-07-31 : MNK Marbel & Tiles Technology LTD
    5. 1989-01-26 : Bangladesh Gypsum Products (pte) LTD
    6. 1989-01-28 : Modern Furniture & Interior Décor (pte) LTD
    7. 1989-02-12 : MNK Chemicals and Home Services LTD
    8. 1989-04-03 : Concord Condominium LTD
    9. 1990-07-29 : Concord Ready-Mix & Concrete Products LTD
    10. 1991-06-20 : Concord Fashion Export LTD
    11. 1994-28-04 : Concord Architects & Interior Décor LTD
    12. 1997-04-05 : Concord Real Estate & Building Products LTD
    13. 1999-05-09 : Concord Real Estate & Development LTD
    14. 2000-01-06 : Concord Pre-stressed Concrete & Block Plant LTD
    15. 2001-02-01 : Concord Entertainment Co. Ltd
    16. 2003-06-29 : Concord Architects & Engineers LTD
    17. 2003-08-03 : Concord Communication Co LTD
    18. 2008-01-03 : Concord Consortium LTD
    19. 2008-06-19 : Concord City Development LTD

    See also

    Further reading

    Notes and References

    1. Web site: Concord excited about govt move to phase out clay bricks. Sohel. Parvez. 5 January 2020. The Daily Star.
    2. Web site: Chairman's Message.
    3. Web site: Tall Buildings in Bangladesh. 1 June 1993. Institution of Engineers Bangladesh, Institute of Architects Bangladesh, [and] Bangladesh Institute of Planners. Google Books.
    4. Web site: Our Companies.
    5. News: Alam . Md Mahabub . 30 July 2012 . Diversification of business: A strategic management perspective . The Financial Express . Dhaka . https://archive.today/20130203191659/http://www.thefinancialexpress-bd.com/more.php?news_id=138429&date=2012-07-30 . 3 February 2013 . 30 January 2016 . dead .
    6. News: Bangladesh opens lavish theme park . Lawson . Alastair . 31 March 2002 . BBC News . 22 July 2018 .
    7. News: Foy's Lake not safe for tourists? . Hossain . Shahadat . The Daily Star . 22 July 2018.
    8. News: Century-old Bangladesh lake now a theme park . 25 March 2014 . Business Standard India . IANS . 22 July 2018.
    9. News: Construction works of Police Plaza Concord begin . 11 December 2007 . The Daily Star . 22 July 2018 .
    10. News: PM opens 'Police Plaza' . 11 June 2015 . The Daily Star . 22 July 2018 .
    11. News: Lake City Concord opens. The Daily Star. 14 January 2020.
    12. Web site: Top of the World (Revolving Restaurant) - Chattogram. wikimapia.org. en. 14 January 2020.
    13. News: Concord Group since 1972 . Daily Sun. 14 January 2020.
    14. News: DoE fines Concord Group Tk 14 lakh . 15 August 2012 . The Daily Star . 22 July 2018 .
    15. News: Hand over Azimpur Concord building to orphanage: HC . 17 September 2015 . The Daily Star . 21 August 2017 .
    16. News: Concord gets IQC award. Daily Sun. en. 14 January 2020.
    17. News: Roll Of Honour. 3 October 2015. The Daily Star. en. 14 January 2020.
    18. News: 2022-06-07 . Concord wins 'National Environment Medal' . 2022-06-14 . Dhaka Tribune . en.
    19. News: 2022-06-09 . Concord wins national environment medal . 2022-06-14 . The Daily Star . en.
    20. Web site: December 2016. Concord Group since 1972 . 2024-03-22 . daily-sun . en.
    21. Web site: Concord Group. PressReader.
    22. Web site: Concord Group - Leading Real Estate & Construction Conglomerates. Concord Group.
    23. Web site: Singapore City Telecommunication Center Building | Office Buildings | WORKS | Sumitomo Mitsui Construction Co., Ltd.. www.smcon.co.jp.
    24. Web site: S.M.Kamaluddin - Golden Business Bangladesh .
    25. Web site: The Foy's lake threatened by construction of amusement park. The Foy's lake threatened by construction of amusement park.
    26. Web site: The Daily Star Web Edition Vol. 5 Num 200. archive.thedailystar.net.
    27. Web site: The Daily Star Web Edition Vol. 5 Num 660 . 2024-05-31 . archive.thedailystar.net.

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