Prime Minister Mark Carney wraps up UAE visit with $70B investment pledge in Canada

Prime Minister Mark Carney revealed that Ottawa is developing a $1-billion project aimed at expanding Canada’s critical minerals processing capacity while also finalizing an agreement with the United Arab Emirates for a significant $70 billion investment. During his visit to Abu Dhabi, Carney emphasized the importance of trade relations, particularly in light of the ongoing concerns about the conflict in Sudan. The commitment to the $1-billion investment was highlighted during a speech to the Canada-UAE Business Council, where Carney stressed the potential job creation and long-term benefits for Canada’s energy and manufacturing industries.