However, the event still needs the approval of the ICC Board.
Australia, Bermuda, Malaysia, New Zealand, South Africa, Sri Lanka, Thailand, United Arab Emirates and the West Indies have all indicated their intention to be considered as hosts for the inaugural event.
England, Hong Kong, Nepal and Scotland have expressed interest in hosting future events.
ICC Chief Executive Malcolm Speed said: “It is now a matter for the ICC Board to consider at its meeting in Dubai in March. The board will decide whether it is now appropriate to introduce an international Twenty20 event and, if so, when and in what form.”
Twenty20 cricket will first be discussed in Dubai at the ICC Chief Executives’ Committee meeting on 14 and 15 February 14 and 15 before the ICC Board meeting, also in Dubai, on March 20 and 21.