The United Arab Emirates has launched a landmark investment framework with Canada under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. 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 initiative to strengthen economic cooperation across key strategic sectors.
Announced in the presence of the Right Honourable Mark Carney, Prime Minister of Canada, and His Excellency Mohamed Hassan Alsuwaidi, UAE Minister of Investment, the agreement will see the UAE invest up to US$50 billion in vital Canadian industries. Targeted sectors include energy, artificial intelligence (AI), logistics, mining, and other strategic industries, highlighting both nations’ commitment to expanding economic ties.
Strengthening Strategic and Economic Ties
The investment framework reflects the UAE and Canada’s shared ambition to deepen strategic relations and foster long-term collaboration. It also emphasizes the UAE’s position as a global investor, particularly in developed markets, supporting innovation-led growth and high-value investment opportunities.
The initiative builds on the UAE’s growing presence in Canada, which reached US$8.8 billion in foreign direct investment stock in 2024. By comparison, Canadian direct investment in the UAE totaled US$242 million during the same period. This imbalance highlights the UAE’s expanding role in the North American market and its commitment to strategic partnership.
Long-Term Collaboration and Innovation
Under the new framework, both nations aim to accelerate economic growth and innovation across multiple high-impact sectors. The agreement is expected to attract large-scale investments, strengthen bilateral ties, and provide a foundation for long-term collaboration. By leveraging complementary strengths, the UAE and Canada are set to enhance sustainable development, technological advancement, and shared prosperity.
