PM Carney’s Saudi Arabia trip a ‘high-water mark’ for relations: Business leader
Carney will join a signing ceremony and meet business leaders as Canada and Saudi Arabia work to resolve tax and investment barriers.
- Prime Minister Mark Carney arrived in Jeddah, Saudi Arabia, on Wednesday to meet with Crown Prince Mohammed and business leaders, aiming to deepen bilateral trade and investment.
- Following a 2018 diplomatic row, Canada has been working to mend ties, with ambassadors formally restored in 2023 after their removal during the dispute.
- Jeff Steiner, chair of the Canada-Saudi Arabia Business Council, told reporters the visit is a "high-water mark" for relations, noting Saudi Arabia is "making mining their second pillar."
- Carney's Thursday agenda includes meetings with Saudi Aramco CEO Amin Nasser and Industry and Mineral Resources Minister Bandar al Khorayef, accompanied by Finance Minister François-Philippe Champagne.
- Champagne is working to resolve double taxation issues between the two countries, as officials seek to remove investment frictions that currently hinder business market entry.
49 Articles
49 Articles
Carney Makes First Visit by Canadian PM to Saudi Arabia in 26 Years to Boost Economic and Defence Ties
Prime Minister Mark Carney signed a deal to deepen economic and defence ties with Saudi Arabia’s crown prince during his visit to the Middle Eastern country on July 9. The Prime Minister’s Office (PMO) said Carney and Saudi Arabian Prime Minister and Crown Prince Mohammed bin Salman signed a memorandum of understanding (MOU) in Jeddah to establish the Canada-Saudi Arabia Coordination Council, aiming to strengthen cooperation on defence, trade an…
Canada wants broader Saudi ties, won't lecture from 'afar': Carney
Carney flew to Jeddah from the NATO summit in Turkey for talks with Saudi Crown Prince Mohammed bin Salman, signing agreements that aim to expand partnerships in sectors ranging from energy to critical minerals and artificial intelligence. Saudi-Canadian relations fractured under Carney's predecessor Justin Trudeau, whose government publicly scolded the kingdom for its treatment of human rights activists, including the prominent blogger Raif Bad…
Saudis Eye Canada Assets as PIF Accepts Carney Invite to Toronto
Prime Minister Mark Carney said Saudi Arabian investors are interested in Canadian energy, mining and infrastructure, as he concluded the first visit of a Canadian leader to the Middle Eastern kingdom in 26 years.
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