In a landmark move to bolster economic ties, the United Arab Emirates (UAE) has unveiled plans to invest up to $50 billion in Canada across key sectors, including artificial intelligence (AI), energy, logistics, and mining. This strategic initiative, approved by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, underscores the UAE’s commitment to fostering global partnerships and driving mutual prosperity. The announcement came during Canadian Prime Minister Mark Carney’s recent visit to the UAE, where both nations signed an agreement to enhance investment protection and promotion, further solidifying their economic collaboration. The UAE’s foreign direct investment stock in Canada stood at approximately $8.8 billion in 2024, significantly outpacing Canada’s $242 million in direct investments in the UAE during the same period. This new framework reflects the UAE’s position as a leading global investor and its dedication to supporting shared development goals with Canada.