UAE and Canada sign commercial agreements covering satellites, ports and logistics

The United Arab Emirates and Canada have signed commercial agreements covering 5G satellite technology, ports, logistics, housing and education sectors. Bilateral trade between the two countries stands at $4.2 billion, according to Arabian Business.

Agreement sectors and scope#

The agreements span five sectors: 5G satellite technology, ports infrastructure, logistics operations, housing development and education services. The deals were announced as part of an expansion of the existing investment partnership between the two countries. Arabian Business reported the agreements on 15 January 2025. No financial values for the individual agreements were disclosed in the published report. The agreements build on a bilateral investment partnership valued at $50 billion.

Bilateral trade figure#

Trade between the UAE and Canada reached $4.2 billion, Arabian Business reported. The report did not specify the period to which the $4.2 billion figure applies or provide a comparison with a prior period. The figure was published alongside the announcement of the new commercial agreements. No breakdown by sector or direction of trade was given in the source material.

Investment partnership context#

The new agreements were described as an expansion of the bilateral investment partnership between the UAE and Canada. That partnership is valued at $50 billion, according to Arabian Business. The report did not state when the $50 billion partnership was established or over what period the value is measured. The new agreements in satellites, ports, logistics, housing and education were announced within the framework of this partnership.

Sectors covered by new deals#

The 5G satellite technology agreement was listed among the new deals. Ports and logistics were covered by separate agreements, though the report did not specify which UAE or Canadian ports or operators are parties to those deals. Housing and education were also named as sectors covered by the agreements. No implementation dates, investment amounts or operational details for any of the five sectoral agreements were disclosed in the published material.