UAE to invest up to $50bn in Canada under new bilateral investment framework

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, has approved the launch of a landmark investment framework between the governments of the UAE and Canada.

The agreement, announced in the presence of the Right Honourable Mark Carney, Prime Minister of Canada, and His Excellency Mohamed Hassan Alsuwaidi, UAE Minister of Investment, will see the UAE invest up to US$50 billion in several of Canada’s vital sectors, including energy, artificial intelligence (AI), logistics, mining, and other strategic industries.

The framework reflects both nations’ shared ambition to expand economic cooperation and deepen strategic ties. It also underscores the UAE’s role as one of the world’s leading global investors, particularly in developed markets.

This initiative builds on the UAE’s growing investment footprint in Canada, which stood at US$8.8 billion in foreign direct investment stock in 2024. In comparison, Canadian direct investment in the UAE reached US$242 million during the same period.

The new framework will enable long-term collaboration, attract high-value investments, and accelerate innovation-led growth, strengthening the UAE-Canada partnership across multiple high-impact sectors.