UAE Commits $70B to Projects in Canada’s ‘Vital Sectors’ During Carney’s Visit

UAE Commits $70B to Projects in Canada’s ‘Vital Sectors’ During Carney’s Visit
Prime Minister Mark Carney, middle, talks with UAE Foreign Minister Sheikh Abdullah bin Zayed al-Nahyan, left, as he visits the Sheikh Zayed Grand Mosque Centre in Abu Dhabi, UAE, on Nov. 20, 2025. The Canadian Press/Sean Kilpatrick
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Prime Minister Mark Carney says his government is working on a $1 billion project to expand Canada’s critical minerals processing capacity, while the United Arab Emirates (UAE) has agreed to commit the equivalent of $70 billion in Canada.

The announcements come as Carney concluded his week to Abu Dhabi, UAE, this week.