Acting under the guidance 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, has authorized the introduction of a significant new investment framework between the UAE and Canadian governments.

This bilateral agreement, announced with the participation of the Right Honourable Mark Carney, Prime Minister of Canada, and His Excellency Mohamed Hassan Alsuwaidi, UAE Minister of Investment, will see the UAE committing up to US$50 billion across several key Canadian sectors. These include energy, artificial intelligence (AI), logistics, mining, as well as other strategic industries vital to both nations’ economies.

The newly launched framework demonstrates both countries' shared goal of strengthening economic collaboration and advancing their strategic partnership. It highlights the UAE’s ongoing commitment as a major global investor with a focus on developed markets such as Canada.

This development follows a steady increase in UAE investments in Canada. By 2024, the UAE's foreign direct investment stock in Canada reached US$8.8 billion. Conversely, Canadian direct investment in the UAE stood at US$242 million during this period.

The updated agreement aims to foster long-term cooperation by drawing high-value investments and encouraging innovation-driven growth. This move is set to further solidify ties between Canada and the UAE across several prominent industries that are expected to contribute significantly to both nations' prosperity.