Concord Group
Concord Group is a Bangladeshi conglomerate active in construction, real estate, design, entertainment, hospitality, communications, and garments.
Last updated August 25, 2026
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Overview
Concord Group is a diversified Bangladeshi business group founded in 1973. Its principal activities are concentrated in construction and real estate, but the group also operates across architecture and interior design, building materials, communications, entertainment, hospitality, and garments. The organization developed through a network of affiliated companies established over several decades, including businesses involved in engineering and construction, condominium development, ready-mix concrete, prestressed concrete and block production, real estate, architecture, furniture and interior decoration, garments, chemicals, communications, and entertainment. Construction and property development form the center of Concord's public identity. The group has undertaken residential, commercial, institutional, government, and monument-related projects in Bangladesh, and reference material attributes more than 1,200 developed property projects to the organization by 2023. Its work has included large-scale urban developments, shopping complexes, theme parks, amusement facilities, and infrastructure-related construction. Concord has also promoted technical innovation in the Bangladeshi construction market, including the use of reinforced concrete block masonry as a structural approach intended to improve performance in earthquake-prone areas. The group is particularly associated with destination and leisure developments. In 2002 it built Fantasy Kingdom, a major amusement park in Savar. In 2004 the Government of Bangladesh leased the historic Foy's Lake to Concord for 50 years for development as a resort and amusement destination. The resulting Foy's Lake Concord complex became another prominent leisure project. Concord also states that it established Bangladesh's first satellite township and built the country's first revolving tower in Chittagong, while developing seven theme parks in Bangladesh, including the Fantasy Kingdom and Foy's Lake complexes. Concord's urban commercial work includes Police Plaza, a shopping complex developed in partnership with the Bangladesh Police Welfare Trust. Construction began in 2007 and the Gulshan-area building was completed in 2015. The project illustrates the group's participation in public-private and institutional development arrangements, alongside its private real-estate activities. The group has received recognition for business performance, quality, and environmental work. It received the Daily Star–DHL Bangladesh Business Award as Enterprise of the Year 2000, won a 2010 BID International Quality Summit Award in New York, and received a National Environment Medal in 2022 for contributions to environmental protection and pollution control. At the same time, Concord has faced regulatory and legal scrutiny over construction and land use. The Department of Environment fined the group 1.4 million taka for constructing one 12-story building and two 15-story buildings without permission. In 2015, the Bangladesh High Court directed Concord to hand over an 18-story building associated with land occupied by the Salimullah Orphanage after finding the land-acquisition contract illegal. These matters are significant to the group's public record but do not by themselves establish the outcome of every related proceeding. Concord remains best characterized as a Bangladesh-focused, vertically diversified development group whose businesses combine property creation, construction technology, building materials, leisure destinations, and related consumer and service activities.
History
Concord Group emerged in Bangladesh in 1973 and developed into a multi-industry conglomerate through a series of affiliated companies. Its earliest documented operating base was construction: Concord Construction Co. dates to late 1972, followed by Concord Engineers & Construction Ltd. in 1976. During the 1980s and 1990s, the group broadened its industrial platform. It established businesses connected with garments, marble and tiles, gypsum products, furniture and interior decoration, chemicals and home services, condominiums, ready-mix concrete, fashion exports, architecture, and real-estate development. This expansion created an integrated construction and property-development model. Instead of operating only as a contractor, Concord developed capabilities spanning design, engineering, materials, construction, interiors, and property ownership or development. Companies associated with real estate, building products, and development were added in the late 1990s, while a prestressed-concrete and block plant was established in 2000. These activities supported the group's involvement in residential, commercial, institutional, and public-sector projects across Bangladesh. Concord entered large-scale entertainment development in the early 2000s. Its entertainment company was established in 2001, and in 2002 the group built Fantasy Kingdom in Savar. The amusement park became one of the most visible expressions of Concord's ability to combine land development, construction, leisure infrastructure, and consumer-facing operations. In 2004, the Government of Bangladesh leased historic Foy's Lake to Concord for 50 years. Concord developed the site as Foy's Lake Concord, a resort and amusement complex in Chittagong. The group's later corporate network included architecture and engineering, communications, consortium, and city-development companies. Concord Communication was established in 2003, and Concord City Development was established in 2008. The group also undertook major urban commercial projects. In 2007 it began work on Police Plaza, a shopping complex developed with the Bangladesh Police Welfare Trust. Located in the Gulshan area, the building was completed in 2015. Concord's stated development record includes the creation of Bangladesh's first satellite township, construction of the country's first revolving tower in Chittagong, and development of seven theme parks. The group also introduced reinforced concrete block masonry as a construction technology intended to provide a stronger or more suitable structural system for earthquake-prone areas. Its wider project portfolio has included private property, autonomous or institutional property, government projects, and monuments. By 2023, reference material attributed more than 1,200 residential and commercial property projects to the group. The organization has received several forms of recognition. The Daily Star–DHL Bangladesh Business Award named it Enterprise of the Year 2000 for leadership and business performance. In 2010, Concord won a BID International Quality Summit Award in New York, with the award associated with quality, innovation, customer satisfaction, technology, leadership, strategic planning, and business results. In 2022, it received a National Environment Medal for environmental protection and pollution-control contributions. The group's record also includes regulatory and legal controversy. Bangladesh's Department of Environment fined Concord 1.4 million taka over construction of one 12-story and two 15-story buildings without permission. Separately, in September 2015, the Bangladesh High Court requested that Concord hand over an 18-story building built on land occupied by the Salimullah Orphanage, after determining that the contract used to acquire the land was illegal. These events form part of the documented history of Concord's development activities and public scrutiny. Today, Concord Group is described as a Bangladesh-based conglomerate whose core identity remains construction and real estate, supported by design, materials, communications, entertainment, hospitality, and garments. Its most recognizable public-facing assets are its amusement and leisure developments, while its broader business system is based on integrated construction and property capabilities.
- 2022
National Environment Medal
[1]Concord received a National Environment Medal for environmental protection and pollution-control contributions.
- 2015
Police Plaza completed
[1]The Police Plaza commercial complex in the Gulshan area was completed.
- 2010
International Quality Summit Award
[1]Concord won the BID International Quality Summit Award in New York.
- 2007
Police Plaza construction starts
[1]Concord began construction of Police Plaza in partnership with the Bangladesh Police Welfare Trust.
- 2004
Foy's Lake development begins
[1]The Government of Bangladesh leased Foy's Lake to Concord for 50 years to develop a resort and amusement park complex.
- 2002
Fantasy Kingdom opened as a major amusement development
[1]The group built the Fantasy Kingdom amusement park in Savar.
- 2000
Enterprise of the Year recognition
[1]Concord received the Daily Star–DHL Bangladesh Business Award in the Enterprise of the Year category.
- 1973
Concord Group founded
[1]Concord Group was founded in Bangladesh and began developing the diversified business platform that later encompassed construction, real estate, design, entertainment, hospitality, communications, and garments.
Products and positioning
A diversified Bangladeshi development and infrastructure group positioned around construction, real estate, integrated building services, and large-scale leisure and commercial projects.
Amusement park · 2002
Fantasy Kingdom
A major amusement park in Savar built by Concord Group in 2002. Fantasy Kingdom represents the group's move beyond conventional construction and property development into large-scale leisure and destination entertainment.
Resort and amusement complex · 2004
Foy's Lake Concord
A resort and amusement development at historic Foy's Lake in Chittagong. The Government of Bangladesh leased the lake to Concord for 50 years in 2004 for transformation into a leisure destination.
Commercial real estate · 2015
Police Plaza
A shopping and commercial complex developed by Concord in partnership with the Bangladesh Police Welfare Trust. Construction began in 2007 and the Gulshan-area building was completed in 2015.
Real estate development
Residential and commercial property projects
Concord's core development portfolio includes residential properties, commercial buildings, institutional developments, government projects, and monuments. Reference material attributes more than 1,200 projects to the group by 2023.
Construction and engineering
Integrated construction and building-materials services
The group has affiliated operations covering engineering, construction, ready-mix concrete, prestressed concrete, concrete blocks, gypsum, marble and tiles, architecture, furniture, and interior decoration. This structure supports an integrated approach to property development and construction.
Controversies
2015
Court dispute over Salimullah Orphanage land
On 17 September 2015, the Bangladesh High Court requested that Concord hand over an 18-story building constructed on land occupied by the Salimullah Orphanage. The court determined that the contract used to acquire the land was illegal.
Environmental fine over unauthorized construction
The Department of Environment fined Concord Group 1.4 million taka for constructing one 12-story building and two 15-story buildings without the department's permission.
Brand decisions
2007
Enter a public-private commercial complex partnershipStrategyBackground
Concord partnered with the Bangladesh Police Welfare Trust to develop a shopping complex in the Gulshan area.
Action taken
The group began construction of Police Plaza, which was completed in 2015.
Aftermath
Police Plaza became a completed commercial property in Concord's urban development portfolio.
2004
Develop Foy's Lake as a resort and amusement destinationStrategyBackground
The Government of Bangladesh leased historic Foy's Lake to Concord for 50 years.
Action taken
Concord undertook development of the site as the Foy's Lake Concord resort and amusement complex.
Aftermath
The project became one of the group's prominent leisure and destination developments in Bangladesh.
Recent events
- 2022
Concord receives National Environment Medal[1]
Other
Concord Group was recognized with a National Environment Medal for contributions to environmental protection and pollution control in Bangladesh.
- 2007
Concord begins Police Plaza construction partnership[1]
Other
Concord started construction of Police Plaza in partnership with the Bangladesh Police Welfare Trust. The commercial complex in the Gulshan area was completed in 2015.
- 2004
Government leases Foy's Lake to Concord for resort and amusement development[1]
Product launch
The Government of Bangladesh leased historic Foy's Lake to Concord Group for 50 years for development as a resort and amusement complex, later known as Foy's Lake Concord.
- 2002
Concord Group develops Fantasy Kingdom amusement park in Savar[1]
Product launch
Concord Group completed a major amusement-park development in Savar known as Fantasy Kingdom, expanding the group's real-estate and construction profile into destination entertainment.
Sources1 sources
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