UAE approves $50 billion investment framework with Canada

Dubai: The UAE has approved a major investment framework with the Government of Canada, setting the stage for up to $50 billion in new capital flows into several of Canada’s most strategic sectors.

Under the agreement, the UAE will channel up to $50 billion into key areas of the Canadian economy. These include energy, artificial intelligence, logistics, mining and a range of other high-value industries that form the backbone of Canada’s long-term growth plans.

Officials from both governments described the framework as a natural extension of a relationship built on stability, trust and shared economic ambition. According to the announcement, the scale of the commitment reflects the UAE’s intent to strengthen its position as a leading global investor in developed markets.

The framework aims to broaden economic cooperation between the two countries while enabling deeper cross-border investment flows. Officials noted that the agreement underscores a period of renewed momentum in UAE–Canada relations, translating policy alignment into long-term commercial opportunities.

“This investment framework underscores the UAE’s commitment to enhance its long-standing strategic partnership with Canada, as well as the shared ambition of both countries to broaden avenues of economic cooperation and enable high-value investment flows,” the announcement stated.

Foreign direct investment stock from the UAE in Canada reached $8.8 billion in 2024. Canadian direct investment into the UAE, while smaller in scale, totalled $242 million in the same year.

The new framework is expected to lift these numbers significantly over the coming decade, while deepening cooperation in sectors seen as critical to both nations’ future competitiveness.