Canada-UAE summit strengthens ties, trade tops Dhs260 billion

The Canada-UAE Business Council (CUBC), in partnership with Adnoc and XRG, hosted the Canada-UAE Investment Summit in Abu Dhabi, bringing together senior government officials, institutional investors, and private-sector leaders from both nations.

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The high-level forum underscored the shared ambition of Canada and the United Arab Emirates to deepen strategic investments and accelerate collaboration across priority sectors.

The Summit featured the participation of Mark Carney, Prime Minister of Canada; Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology; Managing Director and Group Chief Executive Officer of Adnoc, as well as Executive Chairman of XRG; Dr Thani Al Zeyoudi, UAE Minister of Foreign Trade; Mohamed Hassan Alsuwaidi, UAE Minister of Investment, Managing Director and Group Chief Executive Officer of ADQ.

Discussions focused on mobilising institutional and alternative capital, advancing national investment priorities, and expanding cooperation in energy, technology, infrastructure, and artificial intelligence.

Opening the Summit, Musabbeh Al Kaabi, Chief Executive Officer of Upstream at Adnoc and Co-Chair of the Canada-UAE Business Council, emphasised the strength and dynamism of the bilateral investment relationship, which now exceeds Dhs 260 billion (C$IOO billion).