Dubai: The Dubai Multi Commodities Centre (DMCC) has unveiled its ‘Burj2020 District’ concept; a mixed-use urban destination that it says will “connect the world of business with the heart of trade to drive Dubai’s next generation of growth.”

The new area, which was unveiled at the 2015 Cityscape Global Conference, will comprise of ultramodern towers and will total more than 1 million square meters of built up area (BUA).

The DMCC said that in addition to commercial space, the district will offer 100,000 square meters of retail space and will “serve a captive market in the DMCC Free Zone, JLT [Jumeirah Lake Towers] and the surrounding areas.”

It will be integrated with the DMCC Free Zone in the JLT, which consists of 66 towers, and the current and planned developments in Dubai.

“Dubai’s commitment to expanding economic growth and its strong track record in attracting global businesses is continuously driving DMCC to deliver efficient premium marketplaces for the leading businesses of today and tomorrow, said DMCC executive chairman Ahmed Bin Sulayem. “The ‘Burj2020’, the District’s landmark vertical destination will join the elite group of the world’s most unique super tall commercial towers and complement the Dubai skyline…”

Adrian Smith, partner at AS+GG, the firm behind the concept, said the design of Burj2020 is inspired by faceted gemstones. “Symbolising the next stage of growth for the city, the design of the ‘Burj2020’ is also inspired by the facets of a diamond – elegant, bold and timeless,” he said.