Canada to work with Saudi Arabia in energy, minerals sector
Prime Minister Mark Carney during his visit to Saudi Arabia, said that both the countries are looking forward to deepen their trade ties. it is the first visit of a Canadian PM in the last 26 years to the Middle-Eastern country. In his statement the PM said, "Canada and Saudi Arabia have both embarked on ambitious new missions to transform their economies. To that end, we are harnessing each other’s strengths across minerals and mining, technology, energy, and commerce. Canada has what the world wants. We are cultivating a dense web of new connections to diversify our trade, create new opportunities for our workers and businesses, and deliver greater security and prosperity for all Canadians.”Saudi Arabia is Canada’s second-largest trading partner in the Middle East, supporting tens of thousands of Canadian jobs, and with rapidly growing ties across education, energy, defence, critical minerals, and advanced technologies. With a $1.8 trillion economy and an ambitious economic transformation agenda under Vision 2030, Saudi Arabia offers significant opportunities for Canadian workers, businesses, and expertise.To deepen this partnership, the Prime Minister, Mark Carney, travelled to Jeddah, Saudi Arabia – the first visit to the country by a Canadian Prime Minister in 26 years. During the visit, the Prime Minister met with the Crown Prince and Prime Minister of Saudi Arabia, His Royal Highness Mohammed bin Salman. Together they issued a joint statement with key commitments to deepen cooperation across trade, technology, mining and natural resources, energy, health, education, people-to-people ties, and defence.In Jeddah, Canada and Saudi Arabia signed new 13 new commercial agreements and memorandums of understanding (MOUs) worth over $1 billion – spanning health technology, mining, infrastructure, and defence. This will enable:Canadian firms supporting mining, critical minerals, and clean energy projects in Saudi Arabia.Canadian infrastructure companies helping to deliver Vision 2030 projects, including roads and rail lines.Canadian health technology companies deploying Canadian-made capabilities from patient monitoring and clinical decision-support technologies to surgical intelligence platforms.Experts from Canadian colleges training the next generation of the Saudi workforce, including construction, skilled trades, medicine, and technology.
