DUBAI, UAE, November 27, 2013 /PRNewswire/ --
Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority with a mandate to establish Dubai as the global gateway for commodity trade and enterprise, has chosen the name 'Burj 2020' for the world's tallest commercial tower in honour of Dubai's Expo 2020 win.
To be held for the first time in the Middle East, the Dubai Expo 2020, themed 'Connecting Minds, Creating the Future' will further drive Dubai's position as more than just a transfer point between East and West, and truly support the vision of the leadership of Dubai to become the new economic centre of the world.
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'."
The naming of the 'Burj 2020' follows DMCC's announcement earlier this year (July) to build the world's tallest commercial tower as part of its Free Zone Business Park expansion plans (107,000 square metres), 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.
DMCC has been a strong supporter of Dubai's bid for the Expo 2020. It has hosted UAE Expo 2020 Ambassadors at Almas Tower on a number of occasions this year to learn about DMCC's role in cementing Dubai's role as a global commodities and trading hub.
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% retention rate, DMCC remains the UAE's largest and fastest growing free zone.