The investment between UAE and Canada targets vital sectors of the Canadian economy
Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates,His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, 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 of Canada’s vital sectors.
In attendance were the Right Honourable Mark Carney, Prime Minister of Canada, and His Excellency Mohamed Hassan Alsuwaidi, UAE Minister of Investment.
Under the terms of the agreement, the UAE will invest up to US$ 50 billion in Canada’s vital sectors, which include energy, artificial intelligence (AI), logistics, mining and other strategic industries.
This investment framework underscores the UAE’s commitment to enhance its long-standing strategic partnership with Canada, as well as the shared ambition of both countries to broaden avenues of economic cooperation and enable high-value investment flows. The agreement also reflects the mutual trust between the two nations, and cements the UAE’s position as a leading global investor in developed markets.
Foreign direct investment stock from the UAE in Canada stood at USD 8.8 billion in 2024, while Canadian direct investment stock in the UAE totalled USD 242 million in the same year.
