Canadian PM visits Saudi Arabia to strengthen energy, mining partnerships
Summary
Canadian Prime Minister Mark Carney visited Saudi Arabia to improve partnerships in mining, energy, and technology. The two countries signed 13 new agreements worth $1 billion to boost cooperation in areas like clean energy, health, and defense.Key Facts
- This was the first Canadian state visit to Saudi Arabia in over 25 years.
- The visit followed the NATO summit in Turkiye and aims to diversify Canada's trade beyond the US.
- Canada and Saudi Arabia signed 13 agreements and memorandums of understanding (MoUs) valued at $1 billion.
- Agreements cover mining, energy (including liquefied natural gas, hydrogen, carbon capture), health, defense, and artificial intelligence.
- Canadian pension funds will invest in Saudi Arabia’s energy and AI sectors.
- Relations had been strained since 2018 when Canada criticized Saudi human rights issues, resulting in diplomatic and trade cuts.
- Diplomatic ties between Canada and Saudi Arabia were restored in 2023.
- Carney emphasized that engaging with Saudi Arabia does not mean agreement with all its actions.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
