Yodobashi plans to build a 40-storey office block and a nine-storey commercial building on the plot.

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Plans to build a 60-cell custody block in the West Midlands have been approved by Sandwell Council.

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He aims to drill 300 wells in the Olmos block and to build a new gas-processing plant.

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Nakheel, a state-backed developer, said it would build another tower block that would be the tallest building in the world, even higher than today's tallest, the Burj Dubai.

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