By Andy Sambidge
DMCC says it plans to break ground on project to include world's tallest commercial tower in 2015
DMCC, the Government of Dubai Authority with a mandate to enhance Dubai's position as a global gateway for commodity trade and enterprise, announced on Sunday that four global design firms are vying to win a contract to create a masterplan for the new Burj 2020 District.
The project, which will have as its centrepiece the world's tallest commercial tower, the Burj 2020. will also include smart transport and traffic flow solutions, a statement said.
The Burj 2020 District is being constructed as a direct result of customer demand in particular from large regional corporations, multi-nationals and multi-business entities, said Ahmed Bin Sulayem, executive chairman, DMCC.
The ground breaking for the Burj 2020 District is planned for 2015, he said.
Bin Sulayem added: "The Masterplan design competition is the next natural step of the development. 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 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, 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."
DMCC currently has 66 mixed-use commercial and residential towers and over 220 retail outlets in operation and there are over 85,000 people working and living within the DMCC Free Zone.
With an average of 200 companies choosing to join DMCC each month and a 94 percent retention rate, DMCC remains the UAE's largest and fastest growing free zone with over 8,700 member companies.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
If DMCC plays their cards right they are going to be exceptional. Their Chairman has the zest and drive to make it happen. Lets hope they don't lose focus and are creative and open in their approach.