Synopsis: Canadian Prime Minister Mark Carney visits Saudi Arabia to strengthen cooperation in energy, mining, critical minerals, and investment while expanding bilateral economic ties and advancing strategic partnerships.
Canadian Prime Minister Mark Carney has visited Saudi Arabia to strengthen bilateral relations, with discussions centred on expanding cooperation in energy, mining, critical minerals, investment, and economic development. The visit reflects both countries' efforts to diversify their economic partnerships and explore new opportunities for collaboration in sectors that support long-term growth and the global energy transition.
During the visit, Prime Minister Carney met with Saudi Crown Prince Mohammed bin Salman, where the two leaders reviewed the current state of Canada–Saudi Arabia relations and discussed ways to deepen economic engagement. They reaffirmed their commitment to enhancing cooperation across strategic industries while encouraging greater investment and commercial partnerships between businesses in both countries.
Energy emerged as one of the primary areas of discussion. Canada and Saudi Arabia explored opportunities to collaborate on conventional energy, clean energy technologies, and emerging energy solutions that can contribute to global energy security. Both sides also highlighted the importance of maintaining stable energy markets while supporting innovation and sustainable development across the sector.
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Mining and critical minerals formed another key pillar of the talks. With global demand for minerals such as lithium, copper, nickel, and rare earth elements continuing to grow, the two countries discussed expanding cooperation in mineral exploration, extraction, processing, and supply chain development. Canada, known for its abundant mineral resources and mining expertise, sees opportunities to work with Saudi Arabia as the Kingdom accelerates the development of its mining sector under Vision 2030.
The leaders also explored ways to increase bilateral trade and investment by encouraging greater private-sector participation and facilitating business partnerships. Discussions covered infrastructure development, advanced technologies, and industrial cooperation, reflecting a shared interest in creating diversified and resilient economies.
The visit comes as Saudi Arabia continues to strengthen international partnerships to support economic diversification, while Canada seeks to expand trade and investment opportunities beyond its traditional markets. Officials from both countries noted that stronger cooperation could generate mutual economic benefits and contribute to sustainable industrial growth.
Prime Minister Carney's visit underscores the growing importance of Canada–Saudi Arabia relations in an evolving global economy. By expanding collaboration in energy, mining, and investment, both nations aim to build a forward-looking partnership that enhances economic resilience, supports innovation, and creates new opportunities for businesses and investors. The discussions also reaffirm their shared commitment to fostering long-term cooperation that contributes to economic prosperity, resource security, and sustainable development.