Speaking about ongoing discussions, Carney said Qatar’s interest spans long-term projects critical to Canada’s growth, including infrastructure, energy transition initiatives, and strategic industries. While specific investment figures were not disclosed, he indicated that talks have progressed beyond exploratory stages and are focused on concrete opportunities.
The remarks come as Canada seeks to diversify investment sources and reduce overreliance on traditional partners, particularly amid global economic uncertainty and shifting trade dynamics. Qatar, one of the world’s wealthiest energy exporters with a powerful sovereign wealth fund, has been expanding its overseas investments in infrastructure, energy, and logistics.
Government officials said Qatar views Canada as a stable, rules-based destination with strong returns over the long term. Canadian projects, especially those linked to clean energy, transportation corridors, and large industrial developments, are said to align with Qatar’s global investment strategy.
Analysts note that Qatari capital could play a key role in advancing projects that have struggled to secure financing due to scale, regulatory complexity, or market volatility. However, they caution that foreign investment in strategic sectors will likely face public and political scrutiny, particularly around transparency, national interest, and long-term control.
Carney emphasized that any investment agreements would be assessed under Canada’s national interest framework and security review processes. He said attracting global capital must go hand in hand with protecting Canadian workers, communities, and sovereignty.
Further details are expected as negotiations continue, with officials indicating that announcements could follow once investment structures and project scopes are finalized.