Canadian PM Mark Carney Visits Saudi Arabia to Strengthen Energy and Mining Ties

In a significant diplomatic move, Canadian Prime Minister Mark Carney visited Saudi Arabia on Thursday, July 9, 2026, marking the first state visit there by a Canadian leader in more than a quarter-century. This visit followed closely on the heels of the NATO summit held in Turkiye, highlighting its geopolitical and economic importance.

The primary focus of Carney’s visit was to enhance bilateral partnerships in mining and energy sectors. Canada and Saudi Arabia finalized 13 new agreements and memorandums of understanding valued at approximately $1 billion, spanning industries including health and defence.

A notable aspect of the agreements involves collaboration to support Canadian companies in developing mining and clean energy projects within Saudi Arabia. This effort aligns with broader strategic goals to diversify trade relations amid global economic shifts.

Carney also met with Amin Nasser, the head of Saudi Aramco, Saudi Arabia’s state oil giant, to discuss energy cooperation. The two countries are reportedly working on agreements related to liquefied natural gas, hydrogen, and carbon capture and storage technologies.

Further agreements covering mining, energy, and artificial intelligence are expected to be finalized in the coming year, underscoring an expanding partnership beyond traditional sectors.

This visit represents a thawing in relations between Ottawa and Riyadh after years of tension, as evidenced during the previous Canadian administration, and illustrates Canada’s push towards strengthening ties in the Middle East.

The partnerships forged during this visit could have substantial implications for Canadian economic interests and Saudi Arabia’s diversification efforts, signaling a new phase in bilateral cooperation.