Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority, has chosen the name Burj 2020 for the world's tallest commercial tower in honour of Dubai's Expo 2020 win.

Ahmed Bin Sulayem, executive chairman, DMCC, said: "Few can imagine the impact the Dubai of 2020 will have on the Expo and how it will connect people, their ideas and aspirations.”

“DMCC would like to congratulate His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai and the people of the UAE. We are honoured to dedicate the world's tallest commercial tower to this historic win by naming it Burj 2020,” he added.

The naming of the Burj 2020 follows DMCC's announcement earlier this year to build the world's tallest commercial tower as part of its Free Zone Business Park expansion plans (107,000 sq m), catering to the increased global demand from multi-nationals and regional corporates for large-scale commercial space in Dubai.

The master plan for the Burj 2020 is currently in its final stages; architects are to be appointed in 2014, with ground breaking planned for 2015.

DMCC will be engaging with partners and stakeholders such as the Dubai Municipality (DM), the Roads and Transport Authority (RTA) and the Dubai Electricity and Water Association (DEWA), in early 2014 to ensure a successful and timely delivery of the Burj 2020 and the DMCC Business Park.

With 66 mixed-use commercial and residential towers and over 220 retail outlets in operation, there are currently over 80,000 people working and living within the DMCC Free Zone in Dubai.

With an average of 200 companies choosing to join DMCC each month and a 94 per cent retention rate, DMCC remains the UAE's largest and fastest growing free zone. – TradeArabia News Service