1 billion dollar agreement between Saudi Arabia and Canada, Canadian PM visits Saudi after 26 years

Canada Prime Minister of Mark Carney by 10 July 2026 To Saudi Arabia Completed a historic journey. last 26 years This was the first visit by a Canadian Prime Minister to Saudi Arabia. During this tour he Crown Prince Mohammed bin Salman Met and discussed strengthening relations between the two countries.

📰: Danger increased in Strait of Hormuz, insurance premium of ships became costlier by 10 percent.

agreements and economic cooperation

During this visit between the two countries 13 new agreements and MOUs have been signed, the total value of which 1 billion dollars Is. These agreements are related to important sectors like mining, energy, artificial intelligence, health and defence. Apart from this, special discussions were also held on Liquefied Natural Gas, Hydrogen and Carbon Capture technology.

Formation of new council

To further improve cooperation, both countries have Canada-Saudi Arabia Coordination Council Have decided to make. It will be led by the foreign ministers of both the countries. Also, year 2027 It is targeted to finalize the investment protection and promotion agreement by the beginning of 2017.

stance on security

Prime Minister Mark Carney Condemned Iranian attacks on commercial vessels in the Gulf of Oman and the Strait of Hormuz. He expressed his concern for regional security, sovereignty and integrity. Canada Reiterated support. This entire journey was Saudi Vision 2030 and Canada’s economic development goals.