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Mark Carney shares that during their recent visit, the United Arab Emirates committed to a substantial investment of 70 billion dollars in Canada.
This marks a significant development as Canada seeks to build large-scale projects and establish new partnerships capable of driving further growth in the country.
The UAE's latest investment commitments underscore a wider trajectory in Canada's pursuit of economic resilience and global competitiveness. These developments follow on the heels of broader initiatives, including the Climate Competitiveness Strategy aimed at harnessing a $3 trillion clean energy investment, and efforts where Canada allocated $1.7 billion to enhance economic potential through talent and research.