Qatar has committed to significant strategic investments in Canada’s nation-building projects, Prime Minister Mark Carney said Sunday, framing the pledge will accelerate build timelines and supercharge Canada’s energy industries while creating thousands of high-paying careers for Canadians.
“We are raising our relationship and our level of alignment by making friends with strategic partners,” Carney said, cited by Global News. “To launch this new chapter in our relationship, I’m pleased to announce that Qatar has committed to make significant strategic investments in Canada’s nation-building projects.”
According to the report, Carney announced the commitment after meeting Qatar’s Sheikh Tamim bin Hamad Al Than and tied the investment push to the planned finalization of the Investment Promotion and Protection Agreement with Qatar, which he said has faced years of stalled negotiations.
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Carney said the capital will help projects get built faster, and positioned the agreement as a two-way commercial unlock: it would allow Canadian businesses to expand operations easily in Qatar as well as inviting investments from the Gulf state into Canada.
A readout from the Prime Minister’s Office said air services between Canada and Qatar will be expanded, and that Canada will post a defence attaché in Qatar.
Global News also reported that the PMO said the Canada and Qatar have agreed to launch negotiations on focusing on military, security, and defence, as well as AI.
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