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Concord Group

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.[11]

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][21]

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

References

  1. Sohel Parvez. Concord excited about govt move to phase out clay bricks The Daily Star, 5 January 2020^
  2. Chairman's Message^
  3. Tall Buildings in Bangladesh Institution of Engineers Bangladesh, Institute of Architects Bangladesh, [and] Bangladesh Institute of Planners, 1 June 1993^
  4. Our Companies^
  5. Md Mahabub Alam. Diversification of business: A strategic management perspective The Financial Express, 30 July 2012, retrieved 30 January 2016^
  6. Alastair Lawson. Bangladesh opens lavish theme park BBC News, 31 March 2002, retrieved 22 July 2018^
  7. Shahadat Hossain. Foy's Lake not safe for tourists? The Daily Star, retrieved 22 July 2018^
  8. Century-old Bangladesh lake now a theme park Business Standard India, 25 March 2014, retrieved 22 July 2018^
  9. Construction works of Police Plaza Concord begin The Daily Star, 11 December 2007, retrieved 22 July 2018^
  10. PM opens 'Police Plaza' The Daily Star, 11 June 2015, retrieved 22 July 2018^
  11. Lake City Concord opens The Daily Star, retrieved 14 January 2020^
  12. Top of the World (Revolving Restaurant) - Chattogram wikimapia.org, retrieved 14 January 2020^
  13. Concord Group since 1972 Daily Sun, retrieved 14 January 2020^
  14. DoE fines Concord Group Tk 14 lakh The Daily Star, 15 August 2012, retrieved 22 July 2018^
  15. Hand over Azimpur Concord building to orphanage: HC The Daily Star, 17 September 2015, retrieved 21 August 2017^
  16. Concord gets IQC award Daily Sun, retrieved 14 January 2020^
  17. Roll Of Honour The Daily Star, 3 October 2015, retrieved 14 January 2020^
  18. Concord wins 'National Environment Medal' Dhaka Tribune, 2022-06-07, retrieved 2022-06-14^
  19. Concord wins national environment medal The Daily Star, 2022-06-09, retrieved 2022-06-14^
  20. Concord Group since 1972 daily-sun, December 2016, retrieved 2024-03-22^
  21. The Financial Express. Concord achieves highest AA+ rating in real-estate sector The Financial Express, retrieved 2026-02-10^
  22. Concord Group^
  23. Concord Group - Leading Real Estate & Construction Conglomerates Concord Group^
  24. Singapore City Telecommunication Center Building | Office Buildings | WORKS | Sumitomo Mitsui Construction Co., Ltd. www.smcon.co.jp^
  25. S.M.Kamaluddin - Golden Business Bangladesh^
  26. The Foy's lake threatened by construction of amusement park The Foy's lake threatened by construction of amusement park^
  27. The Daily Star Web Edition Vol. 5 Num 200 archive.thedailystar.net^
  28. The Daily Star Web Edition Vol. 5 Num 660 archive.thedailystar.net, retrieved 2024-05-31^