09/02/2026
Canada was promised up to $70 billion in investment from the UAE last year. Almost a year later, not a dollar has been deployed, and it may not be for the reason you'd assume.
The money is real. Abu Dhabi's funds are among the largest and most experienced in the world, and they've financed massive energy, port, mining and AI projects across the globe. The holdup is on Canada's end: we don't have enough major projects that are actually ready to build, permitted, powered, backed by Indigenous partners and open to investment.
The scale of what we've walked away from is staggering. Over the past 20 years, around $390 billion worth of announced Canadian projects were cancelled or shelved, an entire generation of West Coast LNG terminals among them.
Canada could finally turn a big diplomatic announcement into real jobs and construction, if governments do their part.
Read more: resourceworks.com/how-mark-carney-can-rescue-the-uaes-70-billion-investment-commitment-into-canada/