UAE to invest up to $50 billion in Canada's energy, AI, logistics and mining sectors
· Source: economymiddleeast.com
In short
The UAE has approved a $50 billion investment framework targeting Canada's energy, artificial intelligence, logistics, and mining sectors. This strategic investment follows bilateral talks between UAE President Sheikh Mohamed bin Zayed Al Nahyan and Canadian Prime Minister Mark Carney, aiming to enhance economic cooperation between the two nations. The agreement also includes the signing of an investment protection and promotion pact to foster strategic partnerships.
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Tags: investment, logistics, automation, supply-chain, trade, partnership