Carney signs U.A.E. investment pact, launches trade talks during Abu Dhabi visit

[Dr Strangelove]

Meeting with U.A.E. president was 1st by a Canadian PM in decades

- Investment Pact Signed: Carney met with U.A.E. President Sheikh Mohamed bin Zayed Al Nahyan to finalize a bilateral investment-protection agreement.
- Trade Talks Launched: Both leaders initiated discussions for a full trade deal, targeting a comprehensive economic partnership agreement.
- Focus on AI and Data Centres: This visit follows an October agreement to collaborate on artificial intelligence and data infrastructure. The U.A.E. is leveraging cheap energy for data centres, a model Canadian firms are exploring with Alberta’s oilsands.
- Industry Engagement: Carney also met with Industry Minister Sultan al-Jaber and representatives from major Emirati investment firms like Mubadala, MGX, ADQ, and ADIC.

[Dr Strangelove]

[Dr Strangelove]

Carney wraps U.A.E. visit with pledge of $70B to be invested in Canada