Crown Prince of Abu Dhabi holds talks with Canada's PM: agreements signed and a $15 billion trade framework

Sheikh Khaled bin Mohamed met with Mark Carney in Ottawa; the sides signed agreements on cooperation in mining, logistics, energy and investment, and companies from the two countries intend to raise trade to C$21.1 billion ($15 billion). The visit comes against the backdrop of the Cepa concluded in July and the UAE's commitment to invest $50 billion.

Aziz KarimovFirst published on tafs uz 28 October 2026 at 13:532 min read

The key facts

Sheikh Khaled bin Mohamed and Mark Carney signed agreements on mining, logistics, energy and investment through sovereign funds
UAE and Canadian companies launched an investment framework for C$21.1 billion ($15 billion) in trade
The visit follows the Cepa concluded in July and the UAE's commitment to invest $50 billion

Talks in Ottawa and documents signed

Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed held talks in Ottawa with Canadian Prime Minister Mark Carney, during which the sides signed agreements on cooperation in mining, logistics, energy and investment through sovereign funds, reported the Abu Dhabi Media Office. According to The National, companies from the two countries have also joined forces to secure trade of C$21.1 billion (about $15 billion) under a major investment agreement between the two states.

Topics of the meeting and the visit programme

The meeting on Parliament Hill took place as part of an official visit by Sheikh Khaled that began on Monday. The discussions covered ties in artificial intelligence, aviation, food security, infrastructure and logistics. Sheikh Khaled emphasised the UAE's commitment to a long-term partnership with Canada, and the sides also exchanged views on international and regional issues, noting the importance of dialogue and diplomatic solutions. On Tuesday, the crown prince attended a dinnerhosted by Carney and signed the guest book on Parliament Hill.

Context: Cepa and $50 billion in investment

The visit came a few weeks after a phone call between UAE President Sheikh Mohamed and Carney on deepening partnership in the economy, investment and advanced technologies. In July, the UAE concluded a Comprehensive Economic Partnership Agreement (Cepa)with Canada, reducing barriers to trade in goods, services and investment. That agreement followed a commitment by the UAE government to invest $50 billion, made during Carney's visit to the country in November. Cepa improves Canadian companies' access to the UAE — the largest market for Canadian exports in the Middle East — and could attract capital into energy, mining, artificial intelligence and ports. The $15 billion trade framework announced this week shows that the agreements signed in July are moving towards concrete joint projects between companies, although details of how the investment will be allocated have not yet been disclosed.