Four global design firms are currently competing to create the masterplan for Dubai’s upcoming commercial development, Burj 2020 District, developer Dubai Multi Commodities Center (DMCC) has announced.

The new ‘Burj 2020’ District’ will have the world’s tallest commercial tower as its center piece, says DMCC, the Government of Dubai Authority with a mandate to enhance Dubai’s position as a global gateway for commodity trade and enterprise.

“The masterplan design competition is the next natural step of the development. We have selected four of the world’s top creative, specialized firms to design a Masterplan for the Burj 2020 District,” said Ahmed bin Sulayem, executive chairman of DMCC.

“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,” he added.

The masterplan aims to enhance the very essence of the ‘Burj 2020 District’ by creating an efficient and vibrant world-class urban business destination to showcase a blend of contemporary and traditional master planning.

The masterplan will also include transport and traffic flow solutions to create a swift journey to and from the area.

The master-plan design competition for the ‘Burj 2020 District’ follows DMCC’s announcement in July 2013 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 honor of Dubai’s Expo 2020 win.

The ground breaking for the ‘Burj 2020 District’ is planned for 2015.

The ‘Burj 2020 District’ is also part of DMCC’s strategy to provide companies with a commercial property offering unique to the Dubai marketplace — including benefits such as single ownership, contiguous commercial office space in the heart of Dubai, close to metro stations, world-class cargo facilities, ports and airports that connect to over 220 destinations including the new Al-Maktoum International Airport.