ABU DHABI - Prime Minister Mark Carney says Ottawa is working on a $1 billion project aimed at expanding critical minerals processing capacity in Canada, while securing the equivalent of $70 million in investment from the United Arab Emirates.

The announcements come as Carney concluded a visit to Abu Dhabi, which focused heavily on trade amid concerns about the war in Sudan.

"I'm pleased that an agreement valued over $1 billion is in the process of being finalized," Carney said in a Friday morning speech to the Canada-UAE Business Council.

"(It) will expand critical minerals processing capacity in Canada, creating jobs, boosting (the) long-term supply of minerals essential to energy technologies and advanced manufacturing. More on that soon," he said.

Carney said that the new project i

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