The UAE has pledged up to $50 billion in investments in Canada, driven by new agreements in AI, energy, and mining, following Prime Minister Mark Carney’s historic visit to Abu Dhabi.
Canada and the United Arab Emirates have entered a groundbreaking new phase of bilateral relations, marked by a staggering $50 billion investment commitment from the UAE.
This historic move follows Prime Minister Mark Carney’s official visit to Abu Dhabi, the first by a Canadian prime minister in over 40 years, signaling a strategic pivot in Canada’s trade and investment landscape.
The deal, anchored by a Foreign Investment Promotion and Protection Agreement (FIPA), comes as part of Canada's ambitious agenda to diversify its trade away from traditional partners and attract $1 trillion in investments over the next five years.
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Expanding Horizons: Strategic Deals on AI, Energy, and Mining
The UAE’s Ministry of Investment revealed the commitment during a high-profile summit, highlighting the breadth of future collaborations.
Key sectors include artificial intelligence, clean energy, mining, and data infrastructure.
Canada’s Minister of International Trade, Maninder Sidhu, will lead a special delegation to the UAE in early 2026 to deepen ties, focusing on AI, infrastructure, agriculture, and energy.
This partnership is expected to open new markets for Canadian businesses and create high-paying jobs nationwide, with the UAE’s state wealth funds poised to explore critical mineral projects and liquefied natural gas (LNG) developments in Canada.
Prime Minister Carney said, “Our agreements with the UAE will attract billions in investments, offer new opportunities for workers, and create high-paying careers across the country.”
Building a New Trade Era: Towards a Comprehensive Economic Partnership Agreement
The visit also kickstarted formal negotiations for a Comprehensive Economic Partnership Agreement (CEPA), aiming to eliminate tariffs and regulatory barriers.
Canada’s trade ministry anticipates the deal could double bilateral trade to $7 billion within a decade.
The UAE economy, one of the fastest-growing logistics hubs globally, serves as a vital alternative export destination for Canadian industries such as aerospace, seafood, and agri-foods.
Further strengthening ties, AI research institutes from both countries, such as Mila and the UAE’s Technology Innovation Institute, will collaborate on next-generation AI systems.
Cybersecurity initiatives took a leap forward with BlackBerry partnering UAE’s Cyber Security Council.
Increasing direct commercial flights will also boost passenger and cargo traffic, improving overall business logistics between the two nations.
Prime Minister Carney underscored the broader vision, noting, “This is about building Canada strong. We’re diversifying trade, attracting new investors, and doing it on our terms.”
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UAE Commits $50B Investment in Canada: Historic Deal
The UAE pledges $50 billion investment in Canada, marking historic trade deals in AI, energy, and mining during Prime Minister Carney’s visit.