History

“Akkord Industry Construction Investment Corporation” Open Joint-Stock Company was established in 2005, and since then has been recognized for distinct achievements by contributing to the development of Azerbaijan’s non-oil sector and creating new standards in construction industry. This year Akkord Corporation is proudly celebrating its 10th year anniversary. We can proudly say that being one of the leaders in the South Caucasus, the Corporation has attained high-level achievements in construction of residential and non-residential buildings, infrastructure projects as well as production of construction materials in a short period of time.

Akkord is currently working on large-scale infrastructure construction projects in Azerbaijan, Georgia, Kazakhstan, Uzbekistan and Turkey. In addition, there is a representative office of the Corporation in Frankfurt, Germany.

Akkord Corporation has gained prominent achievements in 10 years:

  • 2008

    Akkord Corporation completed the first concrete road project (Baku-Russian Federation Border Highway) in Azerbaijan

  • 2009

    Fist time won a contract outside Azerbaijan;
    Established offices in Georgia and Kazakhstan.

  • 2010

    Undertook construction of a military facility in Afghanistan.

  • 2011

    Entered market of Uzbekistan and Ukraine;
    Started new business area of water and sewerage construction;
    Completed number of projects in Georgia.

  • 2012

    Entered market of Turkey;
    Completed large-scale projects with partners in Ukraine.

  • 2014

    Akkord Corporation in a consortium with SICIM S.p.A.(Italy) and Yuksel Inshaat A.Ş. (Turkey) participated in the tender announced for the construction of TANAP and TAP energy projects to deliver natural gas to be produced from Azerbaijan’s Shah Deniz-2 gas field to Europe via Turkey and Akkord Corporation was among the winners according to the results declared by “TANAP Doghalgaz Iletim A.Ş”.

  • 2015

    Akkord Corporation has successfully completed micro tunnelling project near Olympic Stadium. By virtue of the planned structural changes conducted within the Corporation, 15 subsidiaries (LLC) were established in different production areas. New manufacturing trends on fiber concrete, claddings, plastic doors and windows were applied. Based on state-of-the-art technologies newly reconstructed Steel Structures Plant was put into operation in Khirdalan.

65 % of the Corporation’s activity cover construction, 14 % – real estate, 12 % – production, 6 % – project management and engineering, 3% – construction equipment services.