The Ministry of Investment of the UAE issued a statement on Friday that the UAE will invest in Canada, with a maximum investment amount of 5 billion USD, based on a framework signed during Canadian President Trudeau's visit to Abu Dhabi, covering projects in artificial intelligence, energy and mining. The UAE has been seeking to expand its overseas energy investments, especially through its recently established company XRG - the overseas investment department of Abu Dhabi National Oil Company (ADNOC). The UAE is also heavily investing in artificial intelligence, planning to build the world's largest data center hub in the country by utilizing American technology. Technology companies with UAE government background, such as G42, are pushing forward the development of their artificial intelligence industry.
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Original: www.toutiao.com/article/1849472307650955/
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