Abu dhabi: Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has approved the launch of an investment framework between the governments of the UAE and Canada, under which the UAE Government will invest up to US$50 billion in several vital sectors in Canada.
According to Emirates News Agency, the launch event was attended by the Right Honourable Mark Carney, Prime Minister of Canada, and Mohamed Hassan Alsuwaidi, Minister of Investment, alongside senior officials from both countries. The agreement outlines investments in energy, artificial intelligence, logistics, mining, and other strategic industries in Canada, intended to benefit the populations of both nations.
This investment framework highlights the UAE's commitment to strengthening its strategic partnership with Canada, while both countries aim to expand economic cooperation and enable high-value investment flows. The initiative reflects the UAE's position as a leading global investor in developed markets.
Foreign direct investment stock from the UAE in Canada stood at US$8.8 billion in 2024, while Canadian direct investment stock in the UAE totaled US$242 million in the same year.