The Dubai Multi-Commodities Centre (DMCC) has said four global design firms are participating in its masterplan design competition for the new Burj 2020 district, which will have as its centrepiece the world’s tallest commercial tower, the Burj 2020.

The masterplan, which aims to create an efficient and vibrant world-class urban business destination, will also include transport and traffic flow solutions to create a swift journey to and from the area.

“The masterplan design competition is the next natural step of the development,” said Ahmed bin Sulayem, executive chairman, DMCC.“We have selected four of the world’s top creative, specialised firms to design a masterplan for the Burj 2020 district. Smart solutions will be a principle feature of our new development, affording higher levels of efficiency, and urban sustainability is a pre-requisite for the global business community of the future.”

“We are going to 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 and attract more international investors to the region, as well as becoming a major hub for multi-nationals, enabling these businesses to grow, innovate and trade, which again impacts positively on Dubai’s GDP.”

The masterplan design competition for the Burj 2020 district follows DMCC’s announcement in July 2013 that it planned to build the world’s tallest commercial tower as part of its Free Zone expansion plans. DMCC named the tower Burj 2020 in November 2013 in honour of Dubai’s Expo 2020 win. The ground breaking for the Burj 2020 district is planned for 2015.