Dubai Multi Commodities Centre (DMCC) has revealed that four design firms have been shortlisted to take part in the master plan design competition for Dubai's new Burj 2020 District, which will feature the world's tallest commercial tower.
The master plan not only includes the tower design, but also transport and traffic flow solutions in the area.
DMCC executive chairman Ahmed Bin Sulayem said: "We have selected four of the world's top creative, specialised firms to design a master plan for the Burj 2020 District."
"Smart solutions will be a principle feature of our new development, affording higher levels of efficiency and urban sustainability a pre-requisite for the global business community of the future."
The Burj 2020 District is part of DMCC's Free Zone expansion plan and is being constructed to provide companies with a commercial property, offering benefits such as single ownership, contiguous commercial office space in the city, and close proximity to metro stations, world-class cargo facilities, ports and airports.
Bin Sulayem said that the plan will create the optimal environment for trade and enterprise with a commercial district that brings together retail, residential, business and lifestyle services.
"It will also increase tourism, attract more international investors to the region, as well as becoming a major hub for multinationals, enabling these businesses to grow, innovate and trade, which again impacts positively on Dubai 's GDP," Bin Sulayem added.
"The availability of highly efficient, purpose-built commercial office space suitable for multinational companies is in short supply. DMCC is committed to filling this gap and the Burj 2020 District will be the first to do so."
Construction work on the Burj 2020 District is expected to begin in 2015.
The DMCC Free Zone currently has 66 mixed-use commercial and residential towers and more than 220 retail outlets.
Image: The DMCC free zone has more than 8,700 member companies. Photo: courtesy of DMCC.