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Dubai’s DP Worldhas strengthened its holdings in the Far East by signing a new agreement with Qingdao government to develop a $500 million container terminal at a greenfield site in Shandong province in Eastern China. The agreement comes only days after DP World’s early November announcement that it is set to acquire a coastal site in Turkey to develop a greenfield container terminal. The company is also understood to have tabled a bid in excess of $5,000 million to acquire the UK’s P&O(MEED 4:11:05).