The UAE is the largest market for Canadian exports in the Middle East and it is also among the top ten investors in Canada.
The trade exchange between the two countries over the past ten years has tripled and reached CAD1.86 billion, while imports from Canada accounted for the vast majority of the trade, reports UAE-based Aliqtisadi.
According to a joint statement released by the Canadian Business Councils in Abu Dhabi and Dubai, the Canadian government plans to double spending on infrastructure and the country is a good place for investments.
The statement stressed that the UAE enjoys a stable political situation, with its GDP growing steadily to roughly CAD400bn and has attracted more than 40,000 Canadians and nearly 150 Canadian companies to the region.
It is worth mentioning that the UAE investments in Canada amount to nearly CAD4.4bn and the trade exchange between the two countries, by the end of 2013, reached CAD1.854bn, up by 18.1 per cent.
(CAD1 = AED2.59, at the time of publishing)