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

History

Concord Group was founded in 1973. In 2002, Concord Group built a multimillion-dollar

amusement park An amusement park is a park that features various attractions, such as rides and games, and events for entertainment purposes. A theme park is a type of amusement park that bases its structures and attractions around a central theme, often fea ...

in Savar called Fantasy Kingdom. In 2004, the

Government of Bangladesh The government of the People's Republic of Bangladesh () is the central government of Bangladesh. The government was constituted by the Constitution of Bangladesh comprising the executive (the president, prime minister and cabinet), the ...

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. 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 The Bangladesh Police () is the national law enforcement agency of Bangladesh, operating under the Ministry of Home Affairs (Bangladesh), Ministry of Home Affairs. It plays a crucial role in maintaining peace, and enforcement of law and order with ...

. The building is located in

Gulshan Thana Gulshan () is a thana situated in Dhaka, Bangladesh. It is an affluent residential and business neighbourhood and is now home to a number of the city's restaurants, five star hotels, shopping centers, schools, banks, offices and members' clubs; ...

and was completed in 2015. They set up the first satellite township in Bangladesh and constructed the country’s first revolving tower in Chittagong. They constructed 7 world-class theme parks in Bangladesh including Fantasy Kingdom & Foy's Lake Complex. 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 An environmental ministry is a national or subnational government agency politically responsible for the environment and/or natural resources. Various other names are commonly used to identify such agencies, such as Ministry of the Environment, ...

fined Concord Group 1.4 million taka for building 12-story and two 15-story buildings without their permission. On 17 September 2015, the

Bangladesh High Court The High Court Division, Supreme Court of Bangladesh (), popularly known as High Court, is one of the two divisions of the Supreme Court of Bangladesh, the other division being the Appellate Division. It consists of the Chief Justice of Bangla ...

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.

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". 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.” In 2022, they won a National Environment Medal for their contributions to environment protection and pollution control in

Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...

Projects

The group's main business is real estate &

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

. This organization has developed over 1,200

residential A residential area is a land used in which houses, housing predominates, as opposed to industrial district, industrial and Commercial Area, commercial areas. Housing may vary significantly between, and through, residential areas. These include ...

Commercial property Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a Profit (economics), profit, either from capital gains or Renting, rental income. Commercial ...

projects by 2023, including,

private property Private property is a legal designation for the ownership of property by non-governmental Capacity (law), legal entities. Private property is distinguishable from public property, which is owned by a state entity, and from Collective ownership ...

autonomous In developmental psychology and moral, political, and bioethical philosophy, autonomy is the capacity to make an informed, uncoerced decision. Autonomous organizations or institutions are independent or self-governing. Autonomy can also be defi ...

property, government projects and

monument A monument is a type of structure that was explicitly created to commemorate a person or event, or which has become relevant to a social group as a part of their remembrance of historic times or cultural heritage, due to its artistic, historical ...

List of companies and establishment dates

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

History

Controversy

Awards

Projects

List of companies and establishment dates

See also

References

Further reading