The Canadian-Emirati Investment Summit opens new growth horizons, with the size of the investment partnership exceeding 260 billion dirhams.

Hosted by the Canada-Emirates Business Council, in partnership with ADNOC andXRG“, “Canadian-Emirati Investment Summit” in Abu Dhabi today, with the participation of government officials, institutional investors, and leaders from the private sector in the two friendly countries.

The summit affirmed the shared ambition of the UAE and Canada to enhance strategic investments and accelerate cooperation in priority sectors.

The summit witnessed the presence of Mark Carney, Prime Minister of Canada, and Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, and Executive Chairman of the Board of Directors of ADNOC. XRG“, Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Foreign Trade, and Mohammed Hassan Al-Suwaidi, Minister of Investment, Managing Director and Group CEO of the Holding Company (ADQ).

Discussions focused on the importance of stimulating institutional and alternative capital, enhancing national investment priorities, and expanding cooperation in the areas of energy, technology, infrastructure, and artificial intelligence.

During his speech at the opening of the summit, Musabih Al Kaabi, CEO of the Exploration, Development and Production Department at ADNOC and Co-Chairman of the Canada-Emirates Business Council, stressed the strength and vitality of the investment relationship between the two countries.

He explained that cooperation is continuing between Emirati and Canadian institutions to open new horizons for investment and innovation, and with the size of the bilateral investment partnership between Canada and the UAE exceeding 260 billion dirhams, the common ambition of the two countries has become greater, and by strengthening their cooperation together, they can accelerate the creation of innovative solutions in the fields of energy, technology and infrastructure, which contributes to creating and enhancing long-term value for our economies and supports the next stage of growth and prosperity.

The summit highlighted the recently signed agreement to protect and encourage investments between Canada and the UAE, which aims to enhance investor confidence and facilitate capital flows between the two countries.

Dr. Thani bin Ahmed Al Zeyoudi praised the depth of the trade partnership between the two sides, noting that the volume of trade exchange currently reached 3.4 billion Canadian dollars.

Leading institutions and companies participated in the summit, including Mubadala Investment and “Holding” (ADQ), and “E&”, andPower SustainableandTD SecuritiesandInovia CapitalandMilaandTELUS DigitalandSpace42and the “Technological Innovation Institute”, which reviewed its visions about innovation systems and promising opportunities and focused its participation in today’s sessions on the topics of stimulating institutional capital, alternative investments, and enhancing competitiveness supported by artificial intelligence, in addition to practical paths for joint investment, technology development, and enhancing cooperation between Canada and the Emirates.

The summit witnessed a series of high-level bilateral announcements and the signing of partnerships in multiple fields, confirming the commitment of Canada and the UAE to advancing sustainable growth and deepening cooperation between the two parties in the technological field, as Invest in Canada and the Ministry of Investment signed an investment cooperation agreement, and BlackBerry and the Cyber ​​Security Council of the UAE government concluded a partnership in the field of cybersecurity and secure communications, while the Institute signed “MilaResearch and the Technology Innovation Institute have a strategic partnership in promoting innovation in the field of artificial intelligence.

Jean Charest, partner at the company, confirmed: Therrien Couture Joli-CoeurThe Co-Chairman of the Canada-Emirates Business Council said in the closing speech that the summit renewed the joint commitment to continue strengthening the economic and investment partnership between Canada and the UAE, advancing innovation, and providing new opportunities for sustainable growth and long-term prosperity for the two friendly countries.