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Qatar to Invest in Canadian Nation-Building Projects as Carney Sets Summer Target for Investment Pact

Ottawa pursues broader ties with the Gulf state to diversify capital sources beyond traditional partners.

Overview

  • Prime Minister Mark Carney announced Qatar's commitment to make significant strategic investments in Canada's major building projects to accelerate construction and job creation.
  • Carney said Canada aims to finalize a long-stalled Investment Promotion and Protection Agreement with Qatar by this summer.
  • Ottawa will post a defence attaché in Doha, and the two countries will launch talks on a new framework covering military, security and defence matters.
  • Air services between Canada and Qatar will expand to strengthen people-to-people links, with the PMO also flagging opportunities to grow investment in areas such as artificial intelligence.
  • Carney met Emir Sheikh Tamim bin Hamad Al Thani in Doha, invited him to visit Canada later this year, and framed the initiative as part of a broader diversification effort following recent high-level talks in China.