Our aim is expanding beyond Azerbaijan and becoming an internationally competitive transnational corporation
Established in 2005 and engaged in construction, production of construction materials and investment spheres, Akkord Construction Industry Investment Corporation OJSC is one of the leading companies not only of Azerbaijan but also the whole South Caucasus.
Implementation of big infrastructure projects is one of the main activity lines of Akkord Corporation. Apart from Azerbaijan, the Corporation is implementing different infrastructure projects in Georgia, Ukraine, Kazakhstan, Uzbekistan and Turkey. Meanwhile, the Corporation has a branch office operating in the city of Frankfurt (Federal Republic of Germany).
Since 2012 Akkord Corporation has been successfully implementing projects on construction of water supply, sewerage systems and installation of water cleaning facilities in different regions of Azerbaijan.
The total value of infrastructure projects that the Corporation has implemented so far makes $1.7 bln. The total cost of projects that Corporation is implementing now is estimated at $1.9 bln.
In support of the “State Program on development of the Baku Metro during 2011-2015” approved by Azerbaijan President’s decree as of March 18, 2011, and based on the order of Baku Metro, Akkord Corporation established a joint consortium with Bouygues Travaux Publics, one of the leading construction companies of the world, in order to participate in projects envisaging construction of new stations and lines for Baku Metro.
The Corporation is also engaged in construction of residential buildings and public facilities. It built and commissioned successfully 10 residential complexes in Baku. The residential and non-living space of these complexes totaled 775,000m2 and 56,000 m2 respectively.
The Corporation also invests successfully in production of construction materials and their processing. The Corporation possesses 39 plants operating within the republic and producing concrete, reinforced concrete structures, metal structures, marble, granite, asphalt, sand, crushed-stone, brick and other construction materials.
Akkord Corporation is already on verge of completing the first production line of the cement plant project in Gazakh district. Commissioning the construction of the second production line this year will raise the annual manufacturing capacity of the Cement Plant up to 3 mln tons.
Akkord Corporation gained big experience in implementation of projects funded by such big world financial institutions as the European Bank for Reconstruction and Development, Asian Development Bank and Islamic Development Bank. Over the past years it gained big success in cooperation with such big world-known and production companies as Bouygues (France), Freyssinet (France), Salini (Italy), Todini (Italy), Condotte (Italy), Herrenknecht (Germany), SINOMA (China), Ungersteel (Germany).
Akkord Corporation introduced an integrated corporate management system and brought its financial records to conformity with the International Financial Reporting Standards (IFRS) in order to ensure efficient and sustainable development. Deloitee and Touche, one of the top four world audit companies, has been contracted as the external auditor of the Corporation. The corporation maintains tight cooperation with PricewaterhouseCoopers, contracted as a rating advisor, for having its broad-scale activity and corporate rating assessed by Fitch Ratings.
Akkord which currently employs more that 5000 people is following the “everything for man” philosophy. Apart from Azerbaijanis, the Corporation also employs specialists invited from Italy, Germany, Great Britain, UAE, China, Turkey and Georgia.
Akkord Corporation managed to successfully introduce necessary standards by passing through ISO 9001 (Quality Management System), ISO 14001 (Environmental Management System) and OHSAS 18001 (Occupational Health and Safety Management) certification.
Corporation established its construction and production work on basis of the “loss-free activity” policy. Health, Safety and Environmental Protection Code is strictly observed in order to prevent accidents and ensure safety of workers during construction and production processes.
During the Oxford Summit of Leaders 2011 arranged by the Europe Business Assembly in Oxford city of the United Kingdom of Great Britain and Northern Ireland Akkord Corporation was presented a superior award “Leading company of the year” in the field of construction. Chairman of the Board of Directors of the Corporation, Mr. Khagani Guluzade was given a diploma for his business achievements and a medal for the best management. It was in the same year when the Corporation was given an “International Construction Award” and a golden medal for its “Business leadership” during the 23rd “New Millennium Award” prize presentation ceremony held in Paris. The mentioned award was established by the Trade Leaders Club and Editorial Office organization.
During the 38th International Arch of Europe Convention held in the German city of Frankfurt in 2012 Akkord Corporation was given “European Quality 2012” Golden Award in the international nomination. At the prize presentation ceremony held in London in 2013, the Europe Business Assembly found the corporation to be the “Construction Company of the Year” in South Caucasus and Central Asia.
Successful economic policy implemented by Mr. Ilham Aliyev, President of the Republic of Azerbaijan, paved the way for Azerbaijan’s companies to international markets, strengthened the export potential, enabled companies to participate in important projects, improved competitiveness and strengthened positions among international business leaders.
Following this strategy Akkord Corporation’s aim is expanding beyond Azerbaijan and becoming an internationally competitive transnational corporation.