The UAE approved a new investment framework that will allocate up to $50 billion to Canada’s priority sectors, which include energy, artificial intelligence, logistics, and mining. The move aims to improve long-term economic cooperation and expand the strategic connection between the two countries. The framework, backed by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, emphasises a shared interest in supporting industries deemed critical to national progress.
According to official figures, the UAE’s investment stock in Canada reached $8.8 billion in 2024, while Canada’s investments in the UAE were $242 million. The new plan demonstrates the UAE’s intention to strengthen its position as a significant investor in advanced economies and increase two-way financial flow.
The declaration came after negotiations in Abu Dhabi between UAE President Sheikh Mohamed bin Zayed Al Nahyan and Canadian Prime Minister Mark Carney. They looked into ways to strengthen cooperation in clean energy, technology, climate action, artificial intelligence, trade, education, and cultural exchange. Both leaders reaffirmed their commitment to deepen bilateral ties that have been in place for over 50 years while also promoting regional and global stability.
The visit concluded with the signing of an investment protection agreement and an MoU on investment cooperation, which aims to enable strategic cooperative ventures.
