Boris Johnson flies to the Gulf in search of investment cash

BORIS Johnson will spend the week lobbying Gulf nations to back major investments in the capital, as part of a concerted push to tap overseas funding.

The Mayor of London arrived yesterday in the UAE, and will visit Abu Dhabi and Dubai before moving on to Doha in Qatar.

He will hold meetings with members of the region’s royal families and sovereign wealth funds in an attempt to convince them to direct funds to London.

“With strong historic ties in place, we already have fruitful trading partnerships between the Gulf and this city,” Johnson said.

“These collaborations have resulted in several recent mega projects to benefit London’s economy and jobs market such as the stupendous Shard and the London Gateway, set to be the UK’s first deep sea container port.”

Business leaders accompanying Johnson on the trade mission include TechCity boss Joanna Shields, Arup chairman Philip Dilley and Standard Life chairman Gerry Grimstone.

Lynton Crosby, the political guru who masterminded Johnson’s electoral successes, will also be present.