Prime Minister Mark Carney has inked an investment-protection deal with the United Arab Emirates (UAE) in Abu Dhabi, amid limited media coverage due to concerns about the UAE’s alleged role in fueling ethnic violence in Sudan. The agreement was announced following Carney’s meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan, where they also initiated discussions for a comprehensive trade agreement.
During his visit, Carney met with Industry Minister Sultan Ahmed al-Jaber and toured a grand mosque in Abu Dhabi. He also engaged in afternoon sessions with local sovereign wealth funds and investment firms like Mubadala, MGX, ADQ, and ADIC, culminating in a dinner hosted by the UAE’s national security adviser.
This visit follows a recent collaboration agreement between the two nations on artificial intelligence and data centers. Janice Stein, from the Munk School of Global Affairs at the University of Toronto, highlighted the UAE’s advancements in AI and potential benefits for Canada through investments and innovation. She emphasized the strategic timing of Carney’s visit, citing the UAE’s growing prominence in AI technology.
The UAE’s focus on AI is supported by its access to advanced American chip technology, guaranteed by U.S. President Donald Trump. Jean Charest, co-chair of the Canada-UAE Business Council, anticipates a straightforward trade deal with the UAE following Carney’s visit, emphasizing the importance of the prime minister’s involvement in expanding Canada’s trade partnerships.
Carney’s tour of the Sheikh Zayed Grand Mosque showcased the UAE’s global connections, with materials sourced internationally to create the iconic structure. Media access to Carney’s visit was restricted, reflecting broader criticism of the UAE’s involvement in Sudan’s civil war and alleged support for the Rapid Support Forces (RSF), despite denials from the UAE.
Stein acknowledged UAE’s role in the conflict but highlighted recent peace efforts by Abu Dhabi. Carney is expected to address business leaders before heading to the G20 summit in Johannesburg.
