The Kingdom of Saudi Arabia represents an important economic destination for Canada, driven by investment opportunities in the financial, industrial, and mining sectors.

In the financial sector, Canadian investments in banking and insurance activities in the Kingdom reached $177 million. The market capitalization of the Saudi stock market exceeds $2.35 trillion, and the market includes more than 300 listed companies. Meanwhile, over 700 global companies have established regional headquarters in the Kingdom.

In the industrial sector, the balance of Canadian investment in Saudi industry reached 2.148 billion riyals. The Kingdom has about 13,000 factories and aims to achieve industrial output of $380 billion by 2035.

In the mining and critical minerals sector, Canadian company IVANHOE Electric has begun participating in mining projects in Saudi Arabia. The Kingdom's mineral wealth is estimated at around $2.5 trillion, with over 50 minerals discovered.

Advertisement material

Advertisement material