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.

Concord Group

Concord Group's Head Office at Gulshan 2
Established	1973; 51 years ago (1973)[1]
Type	Public limited company
Location	Concord Centre, Gulshan, Dhaka, Bangladesh
Coordinates	23°47′42.662″N 90°24′48.254″E
Fields	Construction Real estate Building products Architectural design Interior design Communications Entertainment industry Land Development Hospitality industry Garments
Key people	S.M. KAMALUDDIN (Chairman) Shahriar Kamal (Managing Director)
Subsidiaries	Concord Engineers & Construction Ltd. Concord Real Estate & Building Product Ltd. Concord Condominium Ltd. Concord Real Estate & Development Ltd. Concord Entertainment Co., Ltd Concord Ready-Mix & Concrete products Ltd. Concord Architects & interior Décor Ltd. Concord Architects & interior Décor Ltd. Concord Prestressed Concrete & Block Plants Ltd. Concord Lands Ltd. Concord Consortium Ltd. Concord Communication Co. Ltd. Concord City Development Ltd.
Employees	2500
Website	Concord Group Concord Real Estate
[2][3][4]

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]

Notable Projects by Concord Group

Project Name	Project Type	Address	Construction		Architect	Authority	References
			Start Date	End Date
National Martyrs' Memorial	Monument	Savar, Dhaka	1982	1982	Syed Mainul Hossain	Government of Bangladesh	[21]
Main passenger terminal & VVIP terminal buildings of Dhaka International Airport	Airport	Kurmitola, Dhaka		1983		Civil Aviation Authority of Bangladesh (CAAB)	[22][21]
Singapore City Telecommunication Center Building	Commercial building	Singapore		1986	BEP Akitek Sdn Bhd	Singapore Telecommunications Limited	[23][20]
Bangladesh Shilpa Bank Bhaban	Commercial building	Motijheel, Dhaka	1980	1983	Syed Mainul Hossain	Government of Bangladesh	[1]
Janata Bank Bhaban	Commercial building	Motijheel, Dhaka		1985	Syed Mainul Hossain	Janata Bank	[24]
Jiban Bima Tower	Commercial building	Motijheel, Dhaka		1983		Jiban Bima Corporation	[24]
Shaheed Suhrawardy Indoor Stadium	Indoor stadium	Mirpur, Dhaka					[24]
BTV auditorium	Auditorium	Rampura, Dhaka					[24]
Titas Gas Bhaban	Commercial building	Kawran Bazar, Dhaka					[24]
IDB bhaban	Commercial building	Agargaon, Dhaka					[24]
Fantasy Kingdom	Amusement park	Savar, Dhaka					[24]
Foy's Lake	Amusement park	Chattogram, Dhaka					[25]
Shaheed Zia Memorial Complex and Mini Bangladesh	Amusement park	Chattogram, Dhaka					[26]
World Trade Center Chittagong	Commercial building	Chattogram, Dhaka	August 29, 2006	January 30, 2016		Chittagong 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

• List of companies of Bangladesh

References

1. Parvez, Sohel (5 January 2020). "Concord excited about govt move to phase out clay bricks". The Daily Star.
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 – via Google Books.
4. "Our Companies".
5. Alam, Md Mahabub (30 July 2012). "Diversification of business: A strategic management perspective". The Financial Express. Dhaka. Archived from the original on 3 February 2013. Retrieved 30 January 2016.
6. Lawson, Alastair (31 March 2002). "Bangladesh opens lavish theme park". BBC News. Retrieved 22 July 2018.
7. Hossain, Shahadat. "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. IANS. 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. 7 June 2022. Retrieved 14 June 2022.
19. "Concord wins national environment medal". The Daily Star. 9 June 2022. Retrieved 14 June 2022.
20. "Concord Group since 1972". daily-sun. December 2016. Retrieved 22 March 2024.
21. "Concord Group" – via PressReader.
22. "Concord Group - Leading Real Estate & Construction Conglomerates". Concord Group.
23. "Singapore City Telecommunication Center Building | Office Buildings | WORKS | Sumitomo Mitsui Construction Co., Ltd". www.smcon.co.jp.
24. "S.M.Kamaluddin - Golden Business Bangladesh".
25. "The Foy's lake threatened by construction of amusement park". The Foy's lake threatened by construction of amusement park.
26. "The Daily Star Web Edition Vol. 5 Num 200". archive.thedailystar.net.
27. "The Daily Star Web Edition Vol. 5 Num 660". archive.thedailystar.net. Retrieved 31 May 2024.

Further reading

• Khan, Kawsar (12 February 2009). "Let's drift out of Dhaka". The Daily Star. Archived from the original on 1 February 2016. Retrieved 31 January 2016.