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Carney Signs UAE Free-Trade Deal as $70B Investment Pledged

By Drooid · Oct 28, 2026, 03:18 UTC · How we work

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Prime Minister Mark Carney hosted Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, signing a free-trade deal in 47 days.
The United Arab Emirates pledged about $70 billion in investments in Canada during the visit.
Canada announced a $1 billion project to expand critical-minerals processing capacity.
Trade Minister Maninder Sidhu said investments may target mining, logistics, energy and digital technology, with details forthcoming.

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Story summary

Prime Minister Mark Carney hosted Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, signing a free-trade deal in 47 days.
The United Arab Emirates pledged about $70 billion in investments in Canada during the visit.
Canada announced a $1 billion project to expand critical-minerals processing capacity.
Trade Minister Maninder Sidhu said investments may target mining, logistics, energy and digital technology, with details forthcoming.