London Mayor Boris has travelled to the UAE to increase trade ties. Johnson Reuters / Michael Buholzer
London Mayor Boris has travelled to the UAE to increase trade ties. Johnson Reuters / Michael Buholzer
London Mayor Boris has travelled to the UAE to increase trade ties. Johnson Reuters / Michael Buholzer
London Mayor Boris has travelled to the UAE to increase trade ties. Johnson Reuters / Michael Buholzer

London Mayor Boris Johnson lands in UAE on trade mission


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London Mayor Boris Johnson has arrived in the UAE on a mission to lure Gulf investment into the British capital.

He will meet with business leaders in Abu Dhabi today before travelling to Dubai tomorrow where the politician who is known for both his love of cycling and media opportunity plans to combine both with a bike ride photo shoot.

'The Gulf's economy continues to grow fast and we cannot be complacent in what is now a fiercely competitive global economy, the Mayor said in a statement. "I will be promoting the huge opportunities for inward investment into London, championing the mammoth potential for future trade and seeking to share expertise in areas of mutual interest."

The trade mission will include a trip to Qatar, already a major investor in a string of trophy buildings and real estate developments throughout the city.

Mayor Johnson's arrival in the UAE comes the week after the London Array offshore wind farm reached full capacity.

Abu Dhabi's Masdar has a 20 per cent stake in the project which is expected to produce enough green electricity to power nearly half a million homes a year.

Whilst in Abu Dhabi, the Mayor will meet Dr. Sultan Ahmed Al Jaber, CEO of Masdar.

It is understood the Mayor's trip will include meetings with regional sovereign wealth funds and other companies including DP World, the Dubai-based global ports operator that is developing the London Gateway deep sea port.

The Mayor will break off from his trip to attend Baroness Thatcher's funeral, before returning to the Gulf on Thursday to meet up with his business delegation and complete the Qatari leg.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE