Dubai Multi Commodities Centre (DMCC) expects construction work on its Burj 2020 tower project to start in 2015.

“We have put out tender to work with consultants, the architect will be announced this year, and construction will start next year [2015]. It will be built by 2020,” says Ahmed bin Sulayem, Ahmed Sultan Bin Sulayem, Executive Chairman, DMCC, speaking at MEED’s Destination Dubai 2020 event.

The tower is planned as the world tallest commercial tower. It will be a steel structure meaning that it can be built quickly. “That tower is likely to be a steel structure and very efficient,” says bin Sulayem. “We are leaving nothing to chance with that building.”

For leasing, DMCC expects that the tower will attract large international companies. “It is catering to multi-national corporations that need 10-20 floors,” says Bin Sulayem.

DMCC named the tower Burj 2020 in December 2013, following Dubai’s Expo 2020 win.