'Shared ambitions': Canada, Saudi Arabia sign deals on defence, investment, and AI

'Shared ambitions': Canada, Saudi Arabia sign deals on defence, investment, and AI Submitted by Yasmine El-Sabawi on Fri, 07/10/2026 - 16:44 Mark Carney's visit followed a similar trip to Qatar in January, as he seeks to curb dependency on the US Canadian Prime Minister Mark Carney and Saudi Crown Prince Mohammed bin Salman walk together in Jeddah, Saudi Arabia, on 9 July 2026 (Saudi Press Agency handout via Reuters) Off For the first time in more than a quarter of a century, a Canadian prime minister has visited Saudi Arabia. In a series of statements released on Thursday, Mark Carney said he walked away with 13 new commercial agreements and memoranda of understanding (MoUs) worth $700m, spanning health technology, mining, infrastructure, and defence. He called the two countries "complementary economies with shared ambitions".