Canadian PM Carney wraps up Saudi Arabia visit after talks on mining and energy ties

Canadian Prime Minister Mark Carney concluded a two-day official visit to Saudi Arabia on Friday, departing from Jeddah after meetings aimed at strengthening bilateral ties between the two nations. The visit, the first by a Canadian prime minister in 26 years, focused on expanding cooperation in mining, energy, and emerging sectors such as artificial intelligence and skills development.

During his trip, Carney met with Saudi Arabia’s Crown Prince Mohammed bin Salman at Al-Salam Palace in Riyadh. The two leaders witnessed the signing of several memoranda of understanding, including the establishment of a Saudi-Canadian Coordination Council. These agreements underscore efforts to deepen economic and technological collaboration between the countries.

Carney emphasized the importance of diversifying Canada’s trade amid recent U.S. tariffs on key exports. Speaking at a televised business forum, he highlighted opportunities for Canadian mining firms in Saudi Arabia, noting the Kingdom’s growing investments in the sector. He also met with Amin Nasser, the CEO of Saudi Aramco, to discuss ways to strengthen energy sector cooperation.

The visit reflects Canada’s broader strategy to expand trade partnerships globally. Over the past year, Carney has undertaken multiple foreign visits to bolster economic ties, particularly as traditional trade relationships face challenges. The agreements signed during this trip signal a commitment to fostering long-term collaboration in critical industries.

Saudi Arabia, a global leader in energy and infrastructure, continues to seek diversified partnerships beyond its traditional alliances. Canada, with its strengths in mining and technology, presents a strategic partner in these efforts.

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